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Toncoin (TON) Exudes Bearish Vibes But Some Signs Disagree?

  • Toncoin (TON) observed a decline of 13.25% over the past 30 days.
  • The altcoin hit a 7-week low of $4.517 this October.
  • Toncoin (TON) recorded its 7-week-low at $4.517 on October 25. On Saturday, it picked bullish cues to surpass $5. At press time, TON traded at $5.026 with a market cap of $12.78 billion.
  • A descending triangle pattern is seen when analyzing Toncoin’s (TON’s) trajectory since the start of 2024. This pattern indicated a bearish sentiment. However, the CMF’s indication of a rise in capital inflow points at mixed signals. This contrast in technical analysis could indicate a potential turning point in the form of a trend reversal.

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