Toncoin Stuck in Neutral as Market Awaits Breakout or Capitulation

Toncoin is stuck in neutral, trading at $1.60 with little momentum and sandwiched between support at $1.55 and resistance at $1.67.

Luisa Crawford notes that Toncoin's price action has been flat, with a 0.95% uptick on the day and a 24-hour range of barely six cents wide, indicating either a buildup for a directional move or a slow death.

The market is thin, with only $7.7 million in spot volume on Binance, which suggests there's no institutional conviction behind this bid, making it a coin running on fumes and retail hand-holding.