Toncoin (TON) Holds $1.45 Support, Faces Resistance Near $1.60; Break Could Send Price Toward $1.17 or $0.70
Toncoin (TON) has been range-bound above the $1.45 support since testing a $1.42 low on Nov. 21. After a brief push above the 21-day SMA on Dec. 7, TON failed to sustain gains toward the 50-day SMA and was capped around $1.60–$1.49, then retraced to remain range-bound above $1.45. Short-term momentum has eased: moving averages on higher timeframes slope downward and price is trading under these averages, while the 4‑hour chart shows buyers repeatedly stalled at the 50‑day SMA. Key longer-term resistance zones cited are $4.00, $4.50 and $5.00; broader historical support levels mentioned include $3.50, $3.00 and $2.50. For traders, the critical near-term level is $1.45 — a decisive break below it would likely open a path to $1.17 and, in a deeper bearish scenario, toward prior lows near $0.70. The overall short-term outlook is neutral-to-bearish while TON stays compressed in this range; volatility and directional bias will depend on whether buyers can reassert above the 50‑day SMA or sellers force a break of $1.45. This is market commentary, not investment advice.
Neutral
The combined reporting shows TON stuck in a compressed trading range above $1.45 with failed attempts to reclaim the 50‑day SMA and recurring resistance around $1.60–$1.49. These are classic signs of weakening bullish momentum and range-bound trading: moving averages slope downward and short-term breakouts have not held. Therefore the immediate price impact is neutral-to-bearish. Short-term: traders should expect limited upside until TON convincingly breaks above the 50‑day SMA and the $1.60–$1.70 area; otherwise, a decisive break below $1.45 would likely trigger further selling toward $1.17 and potentially $0.70, increasing volatility and downside pressure. Long-term: absent a catalyst that restores sustained buying (network/news-driven demand or broader market strength), the downward-sloping moving averages and failure to hold intraday gains imply continued vulnerability and a bearish bias for extended moves. Risk management: traders should watch $1.45 as the key pivot, use tight stops on directional trades in this low-momentum environment, and monitor volume and SMA behavior for signs of a genuine trend change.