Toncoin Price Breaks Down Below Major Support; Another Sell-Off Ahead?

Toncoin price fell by 2% to $5.8 as the cryptocurrency market experienced a fresh wave of selling over the weekend. Leading cryptocurrencies, Bitcoin and Ethereum, slipped below $60,000 and $2,700, respectively, driven by escalating geopolitical tensions in the Middle East. Amid this ongoing correction, TON’s sustained position below the breakdown point of a bearish pattern indicates a potential decline ahead.