Toncoin (TON) trades near $2.76, showing daily steadiness despite a 3% weekly dip. Technical analysis reveals a critical juncture: the token recently broke a key downtrend line during a brief surge to $3.06, signaling potential bullish sentiment, but faces strong resistance at $3.10-$3.20.

Crucial support now holds at $2.85-$2.90. A sustained hold above this zone with rising volume could propel TON toward new local highs. Conversely, a breakdown below support may trigger further downside pressure.

Market participation remains healthy as TON consolidates between $2.75-$2.92, awaiting decisive momentum for its next major move.

source: CNews

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