Toncoin showed a small rise over the last day. The price moved up to around 1.53. This gave some hope to short term buyers. The move came during a market that still feels nervous and slow.
One reason for the bounce was news from the TON Foundation. It chose OpenPayd to support global fiat services for the network. This helps projects move money in and out across regions. For many users this is a useful step. It can help the network grow over time.
Still this news only pushed the price a little. The bigger picture for Toncoin remains weak. When we look at the daily chart the trend is still down. The price fell hard earlier from above 2 to near 1.45. Since then every recovery attempt has struggled.
The area around 1.6 to 1.7 is the main problem. Price tried to move above this zone before and failed. Sellers showed up each time. This makes it a strong barrier.
Some buying pressure does exist. Short term indicators show buyers stepping in for quick trades. But momentum is not strong. The main strength still sits with sellers. This means rallies are likely to be short lived.
On shorter time frames the story is similar. Toncoin tried to move above the 1.56 to 1.58 area and faced rejection. This tells us sellers are active even on small moves up. Both short and long term trends point down.
A push to 1.7 is still possible. This level attracts a lot of attention. There is a pool of liquidations near this price. That can pull price toward it in the short term. If Toncoin reaches this zone it may even spike a bit higher.
But moving past 1.7 and holding above it is very hard. For that to happen the whole market would need strong buying energy. Right now that energy is missing. Fear still controls many traders.
If by chance Toncoin breaks cleanly above 1.7 the next targets would sit near 1.9 and then near 2. A move like that would need strong volume and steady demand. At this stage this path looks less likely.
The more realistic view is a bounce toward 1.7 followed by rejection. If buyers fail there price could turn back down. This fits with the current structure and mood of the market.
In simple terms Toncoin has buyers but not enough strength. The 1.7 level stands as a wall. Until that wall breaks the idea of a run to 2 remains uncertain.
For now Toncoin looks stuck in a tight range. Short moves up may happen. Big breakouts will need patience and better market conditions.
