Toncoin [TON] dropped 3.37% in the last 24 hours, settling at $4.69, and has seen a 13% decline over the past week. It faced rejection at a critical resistance level of $4.88, turning sentiment bearish. If this resistance holds, a further drop to $4.51 or even $3.66 could occur, signaling a bearish continuation.

Whale activity has risen, with large transactions up 8.8%, potentially reflecting institutional interest. Despite a 779% drop in exchange net flows, indicating a possible bullish outlook as investors move coins to cold storage, the liquidation pool at $4.51 poses risks.

If Toncoin holds its support, it could recover in the coming months, but failure to maintain these levels may result in further declines. The stochastic RSI hints at a possible bullish reversal, but traders should watch closely for market signals.