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Buy the Dip? Toncoin Hits Key Zone as Big Deal Looms
Toncoin (TON) has been trending downward in recent days, but it looks like it’s about to reach a crucial support zone. This could be a great buying opportunity for investors who believe that TON will bounce back and head higher.
Over the past day, TON has dropped by around 7%, with the price currently hovering just above $3.20. Many traders may view this dip as an attractive entry point to buy Toncoin at a discounted price.
Analysts are pointing out that there is significant support in this area, which could be a sign of buying pressure returning. The Relative Strength Index (RSI) has reached oversold levels, indicating that the market sentiment is becoming increasingly bearish.
Source: cryptopotato.com
