Toncoin Slips Below $2 to $1.82 as Bears Target $1.17 and $0.70
Toncoin price has fallen sharply below the longstanding $2.00 support zone, first sliding to $1.93 after rejection at $2.40 and later dipping to $1.82. The altcoin now trades between the $1.80 support and its moving averages, with the 21-day and 50-day SMAs sloping downward. Technical indicators—Doji candlesticks and long lower wicks—signal market indecision but overall bearish momentum. Bears are targeting further declines toward $1.17 and the October low near $0.70 if Toncoin price breaks below the $1.80 floor. Traders should monitor key resistance at $2.00 and $2.40 and support levels at $1.80 and $1.17 to gauge potential continuation or reversal.
Bearish
The sustained breach of the $2.00 support and the downward-sloping 21-day and 50-day SMAs point to prevailing bearish momentum in Toncoin price. Continued failure to hold above $1.80 could trigger accelerated selling pressure, driving the token toward lower floors at $1.17 and the long-term low near $0.70. In the short term, traders may face increased volatility and downward risk around the current trading band of $1.80–$1.85. Over the longer term, unless Toncoin price recovers above key resistance levels at $2.00 and $2.40, the market outlook remains negative, with sellers likely to dominate.