Toncoin Price Prediction: Potential Drop Before Major Rally Begins

Toncoin has recently experienced a notable uptrend, with a 50% increase in value over the past month.

However, this rally is not without its challenges, as the cryptocurrency is currently undergoing a retracement phase. This means that the price may drop before continuing its upward momentum.

The higher timeframe swing structure has shifted bullishly, indicating that the trend is favorable for buyers. However, the lower timeframe internal structure remains bearish, with the RSI moving below the neutral 50 level and the OBV showing reduced trading volume during the retracement.

Despite this, traders can expect a bullish reaction from Toncoin once the pullback is complete, particularly if the price drops to the $1.5-$1.8 golden pocket or if the internal structure on the 4-hour timeframe shifts bullishly.