Toncoin Price Analysis: Dwindling Open Interest Puts $6 Support Level at Risk

Since last weekend, the Toncoin price analysis showcased a sluggish trend stabilizing above the $6.5 floor. This support coinciding with the triangle pattern’s lower trendline creates a high area of interest for buyers to counterattack. However, with declining open interest and supply pressure from broader markets, the TON coin faces a risk of a support breakdown that may signal major correction.