儘管近期有所上漲，但 Toncoin (TON) 仍陷入困境 - 下一步是什麼？

過去幾週，Toncoin [TON] 一直徘徊在 5.1 美元到 5.5 美元之間。雖然大多數山寨幣在繼續創出近期高點的同時

Over the past few weeks, Toncoin (CRYPTO: TON) has traded within a tight range, with its price remaining largely flat despite a recent uptick in momentum for altcoins.

在過去的幾周里，Toncoin（加密貨幣：TON）一直在窄幅區間內交易，儘管最近山寨幣的勢頭有所上升，但其價格基本上保持平穩。

At the time of writing, TON was trading at $5.55, up by 1.83% over the past 24 hours. This recent price increase also saw the altcoin record gains on the weekly and monthly charts. Over the past week, TON gained by 4.91%, while over the past month, it gained by 6.85%.

截至撰寫本文時，TON 的交易價格為 5.55 美元，在過去 24 小時內上漲了 1.83%。最近的價格上漲也見證了山寨幣在周線和月線圖表上創紀錄的漲幅。過去一周，TON 上漲了 4.91%，而過去一個月，上漲了 6.85%。

Despite these gains, TON remained down by approximately 32.84% from its ATH of $8.24. This recent price action also occurred amid bearish market sentiment, with most altcoins recording losses.

儘管取得了這些收益，TON 仍較 8.24 美元的 ATH 下跌約 32.84%。最近的價格走勢也是在市場情緒看跌的情況下發生的，大多數山寨幣都出現了損失。

According to AMBCrypto’s analysis, Toncoin was experiencing strong selling pressure amidst bearish sentiment in a bull market. This selling pressure was highlighted by the rising inflow into exchanges.

根據AMBCrypto的分析，在多頭市場的看跌情緒中，Toncoin正面臨強大的拋售壓力。流入交易所的資金不斷增加凸顯了這種拋售壓力。

IntoTheBlock data showed that the inflow into exchanges surged by 37.54% over the past 24 hours. This increased from a low of $34.05 million to $48.69 million over this period.

IntoTheBlock數據顯示，過去24小時流入交易所的資金激增37.54%。在此期間，這一數字從 3,405 萬美元的低點增加到 4,869 萬美元。

When inflow into exchanges surges, it reflects investors’ lack of confidence, thus they transfer their assets to sell to maximize profits or reduce losses.

當流入交易所的資金激增時，反映出投資者缺乏信心，因此他們將資產轉售以實現利潤最大化或減少損失。

Toncoin’s Stoch RSI also made a bearish crossover days ago, further indicating that sellers are踽 dominating the market. This dropped from a high of 85 to 39 during this period.

Toncoin 的 Stoch RSI 幾天前也出現了看跌交叉，進一步表明賣家正在主導市場。在此期間，這一數字從 85 的高點下降至 39。

Looking further, Toncoin’s Stock-to-Flow (SFR) ratio declined from 44.28 to 0 over the past week. Such a sharp decline in SFR suggests that the altcoin is experiencing oversupply.

進一步來看，過去一周，Toncoin 的存量與流量 (SFR) 比率從 44.28 下降至 0。 SFR 如此急劇下降表明山寨幣正在經歷供應過剩。

An increase in supply without demand often precedes price drops. As such, if the flow rises while the stock remains constant or decreases, this oversupply results in a collapse in scarcity, which results in Toncoin’s perceived value dropping significantly.

在沒有需求的情況下供應增加通常會導致價格下跌。因此，如果流量增加而庫存保持不變或減少，這種供應過剩會導致稀缺性崩潰，導致 Toncoin 的感知價值大幅下降。

According to IntoTheBlock, an SFR of 0 indicates that there is no stock left in circulation, which could lead to a massive increase in demand. However, this is not the case for Toncoin.

根據 IntoTheBlock 的說法，SFR 為 0 表示流通中沒有庫存，這可能會導致需求大幅增加。然而，Toncoin 的情況並非如此。

Instead, this oversupply is highlighted by the rising Percentage Price Bands (PPBs) at lower price points, indicating strong support at these levels.

相反，較低價格點的百分比價格帶（PPB）上升凸顯了這種供過於求的情況，表明這些水平有強勁的支撐。

On the other hand, there is a lack of PPBs at higher price points, indicating a lack of buying pressure at these levels.

另一方面，較高價位缺乏 PPB，顯示這些水準缺乏購買壓力。

If this selling pressure persists, Toncoin could drop to $5.2, where there is strong support. However, if buyers’ recent attempts pay off, the altcoin will break out of the consolidation range and reach $6.6, where there is significant resistance.

如果這種拋售壓力持續存在，Toncoin 可能會跌至 5.2 美元，那裡有強大的支撐。然而，如果買家最近的嘗試獲得回報，山寨幣將突破盤整區間並達到 6.6 美元，該位置將存在重大阻力。