Toncoin’s KEY support: Toncoin struggles to maintain its $6.50 support as the current price sits at $6.58, reflecting a 3.54% decline over the last day. This $6.50 level, crucial for stability, is at risk due to decreasing network activity. This fluctuation within the market poses challenges for further advancement.

Mixed technical signals: Technical analysis for Toncoin presents mixed signals. The Alligator indicator suggests consolidation, but the stochastic RSI hints at a potential pullback, with its value at 59.02. A further decline is possible unless it surpasses $7.20, which could help Toncoin aim for $7.50 and beyond.

Network concerns vs. Whale confidence: Toncoin’s network activity shows a troubling decline, with new addresses down 16.33% and active ones down 19.69%. Despite this, whale transactions surged by 110%, indicating confidence among MAJOR stakeholders. This disparity could impact market sentiment, necessitating a watchful eye on network trends.