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Toncoin Price Analysis: Dwindling Open Interest Puts $6 Support Level at Risk

July 29, 2024
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Since last weekend, the Toncoin price analysis showcased a sluggish trend stabilizing above the $6.5 floor. This support coinciding with the triangle pattern’s lower trendline creates a high area of interest for buyers to counterattack. However, with declining open interest and supply pressure from broader markets, the TON coin faces a risk of a support breakdown that may signal major correction.

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Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved