TON Price Grinds at $1.60 as Bears Maintain Control

TON's price has been stagnant at $1.60 for an extended period, with all moving averages indicating bearish control.

The spot volume on Binance is at skeletal levels, and momentum has flatlined, making it likely that the token will test its support level of $1.55 within 48-72 hours.

The 20-day Simple Moving Average (SMA) sits at $1.64, just above the current price, while the 50-day SMA is at $1.78, and the EMA 12/26 spread remains in negative territory.