Toncoin (TON) is trading at $2.81, showing small gains with a 1.5% increase in the last 24 hours.
The TON Foundation clarified its involvement in the recent 'golden visa' issue, but investor confidence remains low.
Expert analyst Ali notes resistance at $2.88 for bullish momentum, with Toncoin's price action resembling a descending triangle pattern.
While the possibility of Toncoin retesting the $5 mark in the short term exists if the descending triangle pattern breaks to the upside, technical indicators currently show neutral signals, indicating potential sideways movement.