Toncoin (TON) price heavily oversold as Telegram introduces Vaults in TON Wallet

Telegram has introduced Vaults in TON Wallet allowing users to earn yield on BTC, ETH, and USDT, but Toncoin (TON) price continues declining. TON is trading near $1.29 in heavily oversold territory with key support at $1.23-$1.26 and resistance at $1.41-$2.02.