The price of Toncoin decreases to the main support as TON suffers from a big setback

Toncoin moved sideways after Ton Blockchain suffered a large setback last week when another Tapswap Blockchain chose another Airdrop.

Toncoin (TonThe distinctive symbol was traded at $ 3.8515 on Tuesday, which is 55 % less than its highest level ever. This decline has reached the ceiling of the market to $ 9.5 billion, making it in the first largest encrypted currency in this industry.

Ton faced a big setback after Tapswap, a pioneering player Click on earn The ecosystem, the selected bachelor chain For Airdrop. In a note, developers justified the decision by referring to the larger ecosystem of BNB, low transaction costs, and a larger user base.

Davi Lama The data shows that BNB has more than 1.17 million active addresses and more than 840 DAPS, including well -known platforms like Venus, Pancakeswap and Lista. In comparison, TON is a smaller network of closed total value of $ 217 million.

Choose Tapswap for BNB after clicking icons to the other Earn on Ton Blockchain witnessed sharp declines. Folk symbols such as hamster compound, Katzin, and dogs have all decreased by more than 80 % of their highest levels ever. Given this trend, TAPSWAP is likely to avoid a similar price decrease by taking advantage of one of the largest ecosystems in the encryption industry.

On the positive side, the data on the series indicates that the TON network is steadily enhanced. The number of burning Toncoins per day increased to 7558 from the lowest level of this month of 4100. Symbolic burns can support prices by reducing the number of symbols circulating.

TON’s transaction activity also grows. Monday, her expenses It rose to 15,117 tons of symbols, the highest level since January 24, while the number of daily transactions jumped to nearly 4 million.

Toncoin price analysis

The Daily Chart explains that the price of TON reached its climax at $ 8.30 in June, and has since decreased by 53 % to $ 3.7. It decreased to less than the main support level of $ 4.5380, its lowest point in July and September last year.

Toncoin also formed a cross -death pattern as the averages crossed the 50 -day and 200 days. The cross of death is a widely recognized dipal reflection signal, indicating that the bears are controlled.

Currently, TON hovers around the level of fibonacci in 61.8 %. A break below this threshold can indicate along with more negative, which may push the price towards the lowest level in this month of $ 2.9875 – less than 23 % less than its current level.