TON Price Trapped in Tight Range Ahead of Decisive Move
TON has been trading in a tight range around $1.60, with its price pinned below every meaningful moving average except for the SMA 7 and the SMA 200.
The MACD histogram is flatlined at zero, and the momentum has seemingly died down.
However, the Stochastic oscillator has shown a mild bullish cross in the lower range of the indicator, which could potentially lead to a short-term bounce attempt.
Funding rates on Binance futures are positive, but this might be due to leveraged retail long positions that could get flushed if price fails to follow through.
The bear case has slightly higher probability right now, with every reversion-to-mean target pointing lower. A decisive daily close below $1.55 would open the door to a measured move toward $1.46-$1.48 over a 2-3 week window.