Toncoin's Recent Performance

Over the past week, Toncoin [TON] soared by an impressive 32.84%, climbing from a low of $4.43 on September 6 to $5.885 the following week. This substantial increase has generated significant interest among investors.

Concerns Over Market Structure

Despite the impressive gains, analysis shows that the daily market structure remains bearish. The trading patterns suggest that this might not be a sustainable rally and could indicate a bear trend similar to last year.

Low Trading Volume Poses Risks

While the price hike was remarkable, trading volume did not experience a corresponding surge. In fact, the recent volumes mirror those seen during mid-June when prices hovered between $7.1 and $7.6 but lacked a clear upward trend.

Source: https://ambcrypto.com/toncoin-soars-30-but-this-indicator-presents-a-warning-sign-to-investors/

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