Toncoin (TON) is currently trading at $2.98, reflecting a slight decline of 0.0886% over the last 24 hours. The daily range has remained tight, with a high of $3.02 and a low of $2.92, indicating limited volatility in the short term.

The trading volume stands at approximately 29.03 million, contributing to a volume-to-market cap ratio of 0.40%. This relatively low volume suggests that investor interest may be waning, particularly as the 7-day RSI sits at 44, indicating a potential bearish sentiment.

Short-term moving averages are mixed, with the 8 SMA at $2.96 showing a positive trend of 0.76%, while the 144 SMA at $3.01 indicates a more bearish outlook with a decline of 1.16%. The overall trend from the 7-day and 14-day price changes, which show declines of 11.12% and 6.52% respectively, further confirms the downward momentum.

Despite the recent price fluctuations, the current price remains significantly below its all-time high of $8.25, reached in June 2024. This considerable gap indicates potential for recovery, but the prevailing downward trends suggest caution.

In conclusion, based on the current technical indicators and price movements, Toncoin is rated as a Hold. The mixed signals from moving averages and the RSI suggest that while a recovery could be on the horizon, the current bearish momentum warrants a wait-and-see approach rather than aggressive buying or selling.