Crypto
Ton Price Stranded in No-Man's Land, Long Squeeze Brewing
Ton price is stuck in a technical no-man's land at $1.60, with momentum flatlining and spot volume extremely low on Binance.
The token is caught between short-term and long-term moving averages, with the SMA-7 providing some support at $1.58, but the SMA-20, EMA-26, and SMA-50 all pressing down from above.
A key level to watch is $1.57, which aligns closely with the SMA-7, followed by strong support at $1.55, which also maps to the SMA-200.
The elevated 8-hour funding rate on Binance Futures of 0.3538% suggests that longs are paying a premium to hold positions, but spot volume is too low to signal genuine bullish conviction.