Toncoin Price Trapped in $2.80–$3.60 Range, SMAs Key to Breakout
Toncoin price has consolidated in a horizontal trading range between roughly $2.60 and $3.60 since April, narrowing to $2.80–$3.60 in May. Toncoin price’s movement above its 21-day and 50-day simple moving averages (SMAs) signals bullish momentum, but repeated rejections at the $3.60 resistance indicate strong selling pressure, evident in long candle wicks. On shorter timeframes, dips below both SMAs held at a $3.10 intra-range low. Immediate support levels lie at $3.50, $3.00 and $2.50, with major resistance extending to $4.00, $4.50 and $5.00. Today’s balanced buyer-seller dynamic suggests a neutral outlook as traders await a decisive break above the 21-day SMA and key $3.60 barrier. Monitoring volume shifts alongside the SMAs will be crucial for spotting a potential breakout or extended consolidation.
Neutral
Toncoin’s prolonged consolidation within the $2.60–$3.60 range, coupled with balanced buy-sell dynamics and repeated rejections at the 21-day SMA and key $3.60 resistance, points to a neutral market stance in the short term. While the price’s hold above the 50-day SMA signals underlying bullish momentum, the persistent selling pressure at resistance and lack of decisive volume suggest limited upside for now. In the long term, a sustained break above the moving averages and $3.60 barrier could shift sentiment bullish, whereas failure to do so may prolong sideways trading or test lower supports.