Toncoin price dips amid rising selling pressure

Traders Union
All News
Crypto News
Toncoin slides 10.05% today to $1.879

Highlights

TON/USD remains in a long-term bullish structure despite recent selling, trading above major moving average support.
Momentum indicators are mixed, with strong buy signals from MACD and ADX, but short-term oscillators show oversold conditions.
Price is likely to trade sideways between $1.87 and $1.97 over the next five days unless $2.096 resistance breaks.

Anton Kharitonov, expert at Traders Union, notes that Toncoin has experienced notable selling pressure, underperforming its short-term moving average. He highlights that, despite the price standing well above the 50- and 200-day averages, immediate weakness dominates as technical signals diverge sharply. Kharitonov stresses that absent news deprives the market of fresh catalysts, intensifying uncertainty and exposing TON/USD to event-driven reversals. He sees mixed momentum with oscillators flashing oversold, cautioning that a drop below $1.87 could escalate further losses. "Technical buyers might stay on the sidelines unless momentum improves decisively — for now, risks are skewed to the downside for Toncoin," says Kharitonov.

Viktoras Karapetjanc, expert at Traders Union, observes that Toncoin maintains a bullish long-term structure despite recent volatility. He emphasizes that the coin trades comfortably above its 50- and 200-day averages, underscoring robust underlying demand. Karapetjanc believes that constructive technical readings on the weekly RSI and ADX point to resilience, even with lacking news flow. He remains optimistic about a potential breakout above the $2.096 resistance. "I see strong foundations supporting further growth — the market offers multiple setups for bullish continuation in the coming sessions," asserts Karapetjanc.

Parshwa Turakhiya, analyst, notes that sentiment has soured in the short term, as Toncoin faces a swift 10.05% drop and trades near session lows. He sees daily oscillators pushing into oversold territory while momentum signals remain conflicted, creating fertile ground for tactical rebounds or renewed declines. Turakhiya suggests traders should focus on volatility-driven moves around the $1.87 support and $1.97 resistance. "Short-term setups are shaping up for nimble traders — watch for quick reversals or follow-through if current momentum persists," he says.

Oversold oscillators contrast with bullish momentum indicators as volatility spikes

Momentum signals are mixed, with the Moving Average Convergence Divergence (MACD) on the daily timeframe showing a strong buy reading, while the Average Directional Index (ADX) also points to a buy and a strong trend. The Relative Strength Index (RSI) signals a buy and remains in neutral territory, but the Stochastic RSI indicates oversold conditions and the Commodity Channel Index (CCI) is neutral. Bull/Bear Power (BBP) slightly favors buyers with a positive value, accompanied by a buy forecast, while daily dynamics show sellers dominating as the pair has fallen $0.21 or 10.05%. The session opened with a small downside gap of about $0.14, and the current price stands near the session low, with intraday volatility at 5.36%. The tone is decidedly pressured after the open as short-term oscillators lean oversold, contrasting with some of the strong momentum indications.

Earlier, analysts noted that Toncoin was experiencing significant volatility and mixed technical signals, pointing to a period of heightened market indecision. With the latest drop pushing the price below a key short-term average but preserving longer-term supports, traders should closely monitor whether buyers can defend the $1.87 level, as its loss could open the door to accelerated downside risk.

Source of Data: TON Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.