Toncoin Price Volatility Sparks Concerns about Bearish Crossover

Toncoin's recent price action has been marked by a sharp pullback after a strong breakout rally earlier this month pushed the token to its highest level in weeks.

According to data from crypto market trackers, Toncoin ($TON) dropped to around $2.16 at press time on May 13 after briefly climbing as high as $2.90 during the recent rally.

The pullback has raised concerns about a potential bearish crossover on the daily chart, with momentum indicators softening and traders becoming increasingly cautious.

Despite holding above the $2 support zone, bulls will need to push above the upper boundary of the flag near $2.30 to attempt another rally toward the recent high near $2.90.