TON Price Struggles to Recover as Futures Funding Rates Signal Uncertainty
TON's price has been struggling to recover after hitting $1.60, with spot volume on Binance at only $7.7 million.
The asset is trading below its short-term averages, including the 7-day SMA of $1.58 and the 20-day SMA of $1.64.
Despite this bearish trend, futures funding rates are leaning long, with a +0.3538% rate that could signal either a sharp squeeze or a funding flush.