Toncoin Trapped in Trading Range as Analysts Predict 60% Probability of Flush

Toncoin (TON) has been stuck in a trading range between $1.60 and $1.52, with market makers failing to push prices either way. According to analyst Darius Baruo, who predicted a 60% probability of a flush at $1.52-$1.55 back on July 11, two weeks have passed without any significant movement. In fact, the chart architecture reflects a clear indifference from investors and traders.

The moving averages are stacked overhead like a wall, with the SMA 50 at $1.78 and SMA 20 at $1.64 looming above the current price of $1.60. The only floor with any significant structural weight is the SMA 200 at $1.55, which serves as a gravitational target according to Baruo's prediction. This setup suggests that buyers are lacking conviction, while sellers don't need to be aggressive due to gravity pulling prices down.

The technical indicators also point towards a bearish scenario. The MACD momentum is clinically dead, with the RSI hovering at 44.5 in no-man's land between oversold and overbought levels. The Stochastic setup is the only complication for bears, but even that carries little weight given the flatlined momentum.