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Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?

  • 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.

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