$TON /USDT Price Analysis: Breakdown Below MA Cluster – Eyes on $3.10 Support
Toncoin (TON) has slipped to $3.15 (-6.90%), falling sharply below its key short-term moving averages. The rejection from the 24h high of $3.419 triggered a drop through the MA(7) at $3.423 and MA(25) at $3.276, with price now sitting just above the MA(99) at $3.104, a crucial support zone.
Key Technical Levels:
MA(7): $3.423 (now resistance)
MA(25): $3.276 (broken)
MA(99): $3.104 (next critical support)
Support Zones:
$3.10 (MA99)
$3.05 (minor support)
$2.80–$2.60 zone if breakdown accelerates
Resistance Zones:
$3.28–$3.42 (MA cluster)
$3.55–$3.75
$3.80+ for full bullish recovery
Indicators (Inferred):
MACD: Likely turning negative → momentum shift
RSI: Approaching oversold → bounce potential near $3.10
Volume: Strong at $33.91M USDT, indicating conviction behind the sell-off
Bias: Short-term bearish, watching for bounce near $3.10
Reclaiming $3.28+ is needed to flip bullish again
If $3.10 fails, a slide toward $2.80 is likely
Verdict:
TON is testing key long-term support at $3.10 (MA99) after a steep drop. A bounce here is possible due to oversold conditions, but continued weakness below this level could trigger a deeper correction toward $2.80–$2.60. Stay cautious until price reclaims $3.28+.