The Tonquine Price continued its strong sales as there were concerns about its ecosystem and network development.
Tonquine (ton) fell at a significant support level of $ 2.90 on Thursday, 65% below its highest level in 2024. It has declined for six consecutive weeks and is now trading at its lowest level since March 11.
Tonquine has been in a sharp decline between weak-chain and matrix of the ecosystem. Most of the tokens in its ecosystem have dropped more than 80% of their high levels of all time, including popular tap-to-kamai tokens such as Hamster Combat (HMSTR) and Catizen (CTI).
Tapswap, which has recently launched its aircraft, has crashed, brought its market cap to $ 2.90 million, a small amount for the tap-to-come game with more than 70 million users.
Network statistics show that tonn blockchain is struggling. Number of Daily transactions A few months ago, much less than 20 million, which was processed, fell to 2.215 million. About 5.2 million monthly active wallets have also come down to 2.8 million in February.
This recession is largely due to the release of tons of blockchain after the disappointing start of their tokens.
In addition, the ton blockchain has a total value Dropped More than $ 1 billion to $ 153 million in 2024. The weekly volume of transactions in tons dex ecosystems has fallen to only $ 68 million. It creates smaller than other series such as APTOS (APT) and recently launched Unichaain.
Tonquine price analysis
The weekly chart suggests that the price of ton reached $ 8.2440 in June last year, which was before falling to $ 2.9155. It recently fell below the significant support level of $ 4.550, marking the lowest swing in April, September and November last year.
Toncoin has now reached significant support at $ 2.9155, the most swing in December 2022. It has also gone below the 50-week moving average, while the stochastic osterator has fallen into the oversold zone.
The average directional index has climbed on 27, indicating that the recession trend is getting stronger. As a result, the coin will probably be decreasing, the sellers targeted the psychological level of $ 2.00 below 35% from its current price.
