Toncoin (TON) is currently priced at $3.10, reflecting a 24-hour change of -1.83%. The daily trading range has been tight, with a high of $3.20 and a low of $3.08, indicating limited volatility in the short term.

The volume over the last 24 hours stands at approximately $78.92 million, contributing to a volume-to-market cap ratio of 1.02%. This suggests that trading activity is relatively low compared to the overall market capitalization, indicating a lack of strong investor interest at this moment.

Short-term moving averages (8 SMA at $3.16 and 13 SMA at $3.17) are trending downwards, indicating bearish momentum. The hourly RSI is at 30, suggesting oversold conditions, while the 7-day RSI at 44 is nearing the neutral threshold, reflecting a weakening selling pressure.

In terms of price performance, Toncoin has seen a 7-day change of -6.53%, indicating a short-term bearish trend. However, a more extended view shows a 14-day price increase of 4.48%, suggesting a potential recovery phase despite the recent declines over the past month, which saw a 30-day price drop of 13.63%.

The all-time high for Toncoin was $8.25 on June 15, 2024, which highlights significant potential for upside if momentum can shift positively. Current price levels remain significantly below this peak, which could entice investors looking for value.

Given the current technical indicators, including the bearish moving averages and the oversold hourly RSI, along with a moderately low volume, the market sentiment appears weak. Thus, the recommendation is to Hold Toncoin at this time to assess further price movements and wait for a potential bullish reversal signal.