TON Price Stuck at $1.60 as Momentum Flatlines

TON is stuck at $1.60 on razor-thin volume, with momentum flatlined and derivatives longs building pressure.

The Moving Average stack tells a bearish story: TON is trading below its SMA 20 ($1.64), SMA 50 ($1.78), EMA 12 ($1.61), and EMA 26 ($1.66). The only averages it's holding above are the SMA 7 ($1.58), barely, and the SMA 200 ($1.55).

The Binance futures funding rate is sitting at +0.3538% on an 8-hour cycle, but this is a trap: either the spot market is wrong or the derivative longs are going to get squeezed when the bid dries up.