<ul data-eligibleForWebStory="true"><li>The price of Toncoin has dropped below $3 amid a 57% decrease in trading volume, with the market cap falling to $7.28 billion.</li><li>Technical analysts warn of more downside risk as TON appears to be breaking below a long-forming symmetrical triangle pattern on the daily chart.</li><li>The breakdown could lead TON towards the $2.00 support level, indicating a potential deeper correction.</li><li>The triangle pattern, in place since mid-February, converged into a range between $3.60 and $2.80, with the recent breakdown favoring a bearish continuation.</li><li>Declining volume, weakening sentiment, and technical breakdown indicate further bearish pressure ahead unless market conditions change.</li><li>Key levels to watch include immediate support at $2.80, major support zone at $2.00, and resistance to reclaim at $3.15–$3.30 for a trend reversal.</li><li>Traders are advised to closely monitor TON as breaching the $2.80 level could lead to an accelerated decline towards $2.00, determining a potential stabilizing point or downtrend.</li></ul>

Toncoin: How Low Can the Price Go After Dropping Below $3

Discover more