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Toncoin Struggles to Break Above $1.7 Amid Market Volatility

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TON
$1.459-1.99%
Toncoin [TON] is among the altcoins to watch as it struggles to break above $1.7 amid market volatility. It rose 2.6% in the past 24 hours, trading at $1.53 with a $3.77 billion market cap. The TON Foundation partnered with OpenPayd on December 16 to enable fiat flows across ecosystem partners. Technicals show a failed breakout above $1.6–$1.7 on the 1-day chart. The A/D indicator hints at short-term buying pressure, but RSI remains below 50. A rebound to $1.7 is possible, though a bearish reversal is more likely due to strong short positions.
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