Crypto
TON Price Deadlocked at $1.60: Bears Eye $1.52 as Next Support Level
TON's price action has been stagnant, trading at $1.60 with a mere 0.95% gain on the day.
The 24-hour range of $1.58 to $1.64 shows a lack of conviction from both buyers and sellers, with anemic volume of $7.7M on Binance spot.
Momentum has flatlined at the zero line, with oscillators hovering in the lower half of neutral territory.
The moving average stack is hostile to bulls, with every significant average above the current price forming a cascading wall of resistance.
The Bollinger Band picture reinforces the bearish lean, with price sitting in the lower third of the band and the upper band at $1.75 being far out of reach given current momentum.