Since the total maximum Crypto market, with the exception of Bitcoin and Ethereum, takes a fall during the weekend to reach $ 910 billion, the Altcoin market has seen great volatility. With the fall, it shook the Altcoin market, which led to an increase in uncertainty among merchants.
Amidst the turmoil, Toncoin is struggling to find support at decisive levels. With a huge decrease of more than 20 % this month, Altcoin celebrated the third row in a row since December 2024.
The sharp decrease led to a 44 % decrease in the evaluation, which raised fears of more losses. Will the high momentum pushing Toncoin to less than $ 3, or can bulls regain control? Let’s discover.
The price of toncoin decreased less than 4 dollars
In The Daily Chart, the TON price reveals a bullish failure on the first of February, unable to maintain hegemony at $ 4.65. This has led to a sharp diving to the support level of $ 3.63, and the intensification of the homosexuality.
After collapse, Altcoin confirmed a telephone conclusion of the descending triangle style. However, despite the declining direction, TON now settled above the support level of $ 3.63, while maintaining a side path.
Currently, Toncoin is traded at $ 3.81, with simple fluctuations indicating the frequency in the market. Amid this continuous monotheism, the daily RSI line entered a march gathering, hinting to the potential trend.
The immediate resistance of the ton remains in the EMA line for 20 days, in line with the psychological level of $ 4. The bullish penetration above this level will probably pay prices towards the resistance level of $ 4.67 near the EMA line for 50 days. However, if the bears assume, it is possible that less than $ 3.63 will lead to a $ 3 -dollar psychological support area.
Bollinger Bands hints at high fluctuations
Add importance to continuous monotheism, Ali Martinez High The ability to move an imminent high cotton in a ton. By applying the Bollinger Bands index on the price chart for 12 hours, Ali notes the visual pressure that is formed during the TON uniform.
Tightening Bolinger ranges increasing price pressure, and sharp trend movements often precede. Very intense pressure on the graph for 12 hours in a possible high -stability step can be a moment of making or outperforming toncoin. If Bulls managed to break the resistance, this may lead to a relief mobilization, while the collapse may lead to more negative pressure.
