TON is acting a bit off, the resistance levels above are getting lower and lower, and it's constantly making new lows. Isn't this a classic downtrend pattern?

I believe the whales have plans to continue pushing the price up, but every time the price drops, many bottom-fishing bulls rush in.
After all, TON is different from other knockoff projects built by makeshift teams; it is backed by a phenomenally successful Web2 application, and the market generally holds a positive outlook on its future trajectory.
However, fundamentally, TON also belongs to the category of strong whale-controlled coins, which means that if the bulls become too crowded, the whales will intentionally wipe out some of the long positions.
In such cases, even if you know it's a shakeout, no one knows how far it will go before the washout ends.
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