Global #Toncoin

The Toncoin (TON) network has witnessed a sharp decline in active addresses, marking its lowest levels since April. This downturn can be attributed to the underwhelming impact of recent Telegram airdrops, which failed to sustain user engagement and enthusiasm.

The price of Toncoin (TON), associated with Telegram, is currently under significant pressure, with indications that it could drop below $5 soon. Since September 28, TON has been on a steady decline, losing approximately 10% of its value.

Toncoin (TON) is currently experiencing a notable price drop, trading at $5.11, which reflects a 4% decline over the past week. This downturn is largely attributed to prevailing bearish sentiment in the market, impacting buying activity and overall demand for the asset.

Toncoin (TON) has experienced significant price fluctuations in recent weeks, struggling to establish a solid support level around $5.96. After a series of unsuccessful attempts to maintain this threshold, the price of the Telegram-linked cryptocurrency has fallen below key support levels, prompting concerns among investors about its future trajectory.

Toncoin (TON) recently encountered significant resistance at the crucial psychological barrier of $6.00, falling short despite reaching $5.96. The inability to maintain momentum at this level highlights a critical challenge for the altcoin, which has yet to convert this resistance into support.

Over the past week, Toncoin (TON) has seen a significant resurgence in its price, trading at $5.78—a 4.8% increase in just one day. This positive momentum extends to the weekly charts, with the altcoin surging by 7.78%.Prior to this rebound, Toncoin faced a challenging month, declining by 15.61%.