Toncoin is experiencing a significant downturn as 96% of its holders are currently at a loss. The price remains around 2.80 USD, facing resistance at 3.24 USD. Market sentiment appears bearish, raising concerns about a possible drop to the 2.50 USD support level.

On-chain metrics reveal a decline in trader activity, indicating weak confidence among investors. The MVRV ratio stands at -10.15%, reflecting prolonged losses for investors as they navigate a challenging market.

The outlook for Toncoin depends heavily on shifts in investor sentiment and market demand. Although bearish signals persist, technical indicators suggest that if buying interest increases, there could be short-term rebounds.