The price of Toncoin decreased to the main support level with the rise in drainage and inflation, while the burning rate decreased.

Tonecoin (TonIt fell to $ 4.80, its lowest level since November 6 of last year, and is now 33 % lower than its highest level in November.

The third party data shows that the low prices of TON coincided with the increase in exchange flows, indicating that investors continue to sell. Over the past seven days, there have been more than 240,000 tons of coins Move To exchange.

Additional data from Ton Stat He explains that the number of burned metal currencies daily decreases. On January 28, only 5,805 coins were burned, at a value of $ 27,000, from the highest level in this month of 15,000. The declining burning rate is usually a declining signal, indicating that a fewer metal currencies are removed from the blood circulation each. day.

At the same time, the number of newly populated metal laboratory currencies increases, pushing the annual inflation to its highest levels in almost six months. The TON inflation rate increased to 0.37 %, up from the lowest level last year at 0.337 %.

The Blockchain color system is also under pressure, with many common symbols, including Notcoin (no(Hames Kombat)HmstrIt hovers near its lowest levels ever.

The price of Toncoin fell to the main support level

The Daily Chart explains that the price of TON has decreased to $ 4.70, extending the declining direction that started after reaching $ 8.30 in June last year. This decline is important because it corresponds to the lower boundaries of a similar triangle style.

TON also formed a cross -death style, as it exceeded the averages of lower movement for 50 days and 200 days. Historically, this is considered one of the most drops in the market.

The oscillators such as the relative strength index and the money flow index also go down. As a result, the risk of Toncoin prices decreases to the level of the Vibonacci rate by 61.8 % at $ 3.78, which is approximately 22 % lower than its current level.