Toncoin (TON) price has struggled to regain bullish momentum for weeks, but recent daily charts paint an intriguing picture. Let’s analyze the latest Heikin Ashi candles, Relative Strength Index (RSI), and key support levels to predict TON’s next move.
Toncoin Price Analysis: Key Chart Insights
Current Price Structure
- Latest Candle: Red, closing near $2.79**, with immediate resistance at **$2.80.
- Trend: Sideways under moderate bearish pressure—failure to close above $2.80 confirms it as a short-term ceiling.
- Pattern: Small candle sequences indicate market indecision, often preceding a breakout or breakdown.
Bearish Scenario
- Downside Target: $2.70 (current support) → $2.50 → $2.00–$2.20 (if panic selling occurs).
- Justification: Mirroring the last swing drop ($3.40 → $2.70), a $0.70 decline could push TON to **$2.00**.
Bullish Potential
- Upside Trigger: A daily close above $2.80 with strong volume.
- Targets: $3.00** → **$3.40 (26% gain from $2.70).
- Historical Context: Matches May’s rally—buyers have a blueprint if sentiment shifts.
RSI Signals
- Current RSI (14): 39 (neutral but not oversold).
- Critical Zone: 30–32 (April’s oversold condition sparked a反弹).
Key Levels to Watch
| Support | Resistance |
|----------------|------------|
| $2.70 (urgent) | $2.80 |
| $2.50 | $3.00 |
| $2.00–$2.20 | $3.40 |
Toncoin Price Prediction: Bullish or Bearish?
- Short-Term: Sideways bias unless $2.70 or $2.80 breaks decisively.
- Trade Tip: Monitor volume at these levels—they’ll dictate whether TON recovers or dives deeper.
FAQ
Q: What’s the worst-case scenario for TON?
A: Losing $2.70 could trigger a slide to **$2.00**.
Q: How high could TON go if bullish?
A: A 26% rally to **$3.40** is possible if it reclaims $2.80.
Q: Is TON oversold now?
A: RSI at 39 suggests more downside before a bounce.