#TON# Toncoin (TON), backed by Telegram's 900 million user base, has long-term potential that the market views positively. Analysts predict its price could aim for $10 or even $50. However, short-term technicals and on-chain indicators show that short positions are dominant: TON has failed to follow Bitcoin and Ethereum in reaching new highs, the weekly trend is bearish, and the CMF indicator remains negative, reflecting capital outflow. Whether the key resistance level of $4.2 can turn into support will be an important signal for TON's price to regain upward momentum.