Toncoin Faces Buying Pressure, Eyes Potential Drop Below $6

Toncoin (TON) is experiencing increasing bearish pressure. The cryptocurrency has been trending downward across multiple timeframes. Recent data suggests that further losses are likely. Over the past two days, the spot market activity hinted at a short-term bounce to $6.8. The market sentiment for Toncoin remains bearish. Bitcoin (BTC) also faced bearish pressure, disrupting hopes for a bullish September. The On-Balance Volume (OBV) indicator continued its downward slide. This signals that the recent price movement is a continuation of the past month's downtrend rather than a temporary deviation.

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