$TON is currently in a corrective phase, showing sustained bearish pressure. The price is trading below key moving averages—including the 7-day, 30-day, 50-day, and 200-day—indicating that the broader trend remains weak. The break below the main pivot point, along with the loss of critical Fibonacci retracement levels, reinforces the ongoing downtrend. Momentum indicators highlight this weakness: RSI sits in oversold territory, suggesting potential short-term relief bounces, while the MACD continues to favor sellers.
In the past 24 hours, $TON has experienced heightened volatility and net outflows, with minor upward moves occurring on low volume, indicating limited buying interest. Key support zones are identified at $1.45 and the $1.44–$1.446 range, with downside risk extending toward $1.42–$1.425. On the upside, near-term resistance levels are at $1.47–$1.48 and $1.50–$1.505, which must be reclaimed to signal a meaningful trend reversal.
While oversold conditions may trigger temporary relief rallies, the broader trend remains bearish until major resistance levels are recovered with volume confirmation. Traders should monitor volume closely on any reversal attempt. DYOR and manage risk prudently.
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