Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

How to make $100,000 or more and pay no income taxes

June 30, 2025

A Translation Guide To Progressive Slavespeak

June 30, 2025

Homebuyers still have down payment misconceptions

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»Toncoin bears dominate as volume hits yearly low – Can $2.8 save the bulls?
Crypto

Toncoin bears dominate as volume hits yearly low – Can $2.8 save the bulls?

May 25, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

  • TON is currently positioned at the base of a bullish triangle but shows signs of a potential downward breakout.
  • Increasing selling momentum combined with decreasing demand weakens the support levels and overall stability of TON.

Over the past month, Toncoin [TON] has seen a bearish trend with an 8.10% decline. However, there has been a slight slowdown in momentum over the last 24 hours, with only a 0.79% drop.

Despite this, market sentiment indicates a high probability of further decline. AMBCrypto’s analysis provides valuable insights into the potential future movements of TON.

Critical Support Level at Risk for TON

Currently, TON is trading directly on a crucial support level. A red candle has formed just above this level, suggesting a possible breakdown.

This bearish sentiment, along with the candlestick pattern, is occurring within a larger bullish pattern known as the symmetrical triangle.

Source: TradingView

Typically, the bottom support level often acts as a launching point, propelling the asset towards the pattern’s peak at $4.9.

However, with a bearish candle forming at support, TON is likely to experience further downward movement.

Key levels to monitor for a potential rebound include $2.8, $2.5, and $2.3. The strength of buying interest at these levels will determine whether TON can regain bullish momentum and re-enter the pattern.

Predicting TON’s Future Path

Market indicators suggest that TON is heading towards the lower end of the chart.

The Relative Strength Index (RSI), a tool for determining market trend direction and overbought/oversold conditions, is indicating a bearish trend.

A bearish trend is identified when the RSI falls between 50 and 30.

TON’s RSI reading is currently at 44.21 and trending downwards, suggesting a potential further decline.

Source: TradingView

Additionally, the Moving Average Convergence Divergence (MACD) supports this view, with a downward trend in the MACD and signal lines.

The bearish crossover indicates seller dominance, suggesting that lower lows may follow unless momentum shifts soon.

Decline in User Activity

Furthermore, TON’s DEX Trading Volume on decentralized exchanges has significantly decreased to $3.3 million, the lowest this year.

Source: Artemis

This sharp decline in trading activity indicates waning interest in TON’s ecosystem. With fewer users and decreased liquidity, both investor confidence and price stability are at risk.

Unless there is a return of on-chain demand or a reset in technical indicators, TON faces the possibility of losing crucial support levels and moving further away from the bullish triangle.

Next: Bitcoin traders, here’s why you should brace for a pullback to $100k

content in a clearer and more concise manner:

Rewrite the content in a clearer and more concise manner:

Rewrite the content in a clearer and more concise manner:

Rewrite the content in a clearer and more concise manner:

bears Bulls dominate hits save Toncoin Volume yearly
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

VitaminAi Joins Forces with TrustyFi to Bolster Transparency in AI and Web3

June 30, 2025

Ethereum accumulation hits record high – Will ETH explode past $3K?

June 30, 2025

Algorand Adds Blockchain Technology to Paycode

June 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

How will a GOP-controlled government impact retirement policy?

November 8, 20240 Views

Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say By Reuters

January 23, 20250 Views

Chainlink: What next for LINK after reaching $20T in transactions?

March 25, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Investment

How to make $100,000 or more and pay no income taxes

June 30, 20250
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Real Estate

Homebuyers still have down payment misconceptions

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.