The price of Toncoin (ton) decreases to less than $ 2.85, where traders see the support of candles
Toncoin Price is under pressure, trading about $ 2.83 after a decrease of 2.65 % per day. This step follows a short -term bounce that could not penetrate the resistance near $ 2.90.
A prominent analyst on X (formerly Twitter), Cryptochifs, pointed out that interest at the bottom of the Big Green Grance candle from June 22, a region that is now lined with a major support zone ranging between $ 2.68 and $ 2.73.
TON PRICE work shows signs of weakness
After sharply decreased in mid -June, Ton managed to recover decent. This apostasy came from the bottom of a sunken candle, which now works as a major support level.
Since then, the price is mostly side by side, stuck in a range ranging between $ 2.73 and $ 2.90. Buyers tried to pay a ton price above $ 2.90 several times, but they were rejected.
With the latest Red Daily candle, sellers are still clear in control. Unless TON can close the range of $ 2.91 – $ 2.93, the total structure remains a decline.
Trend analysis and toncoin structure
Looking at the broader direction, the price of TON continues to make its highest levels and less than its lowest levels, and is directed to the bottom of the textbooks. This means that any short -term bounce is likely to be only: short -term.
The move appeared after June 22 at the beginning, but it was not. As long as the price remains less than the last rejection area about $ 2.91, it is difficult to say that the trend has changed.
The support area and the technical reaction of the ton
The shaded area on the TON scheme has become between $ 2.68 and $ 2.73 dollars the main area to see. The amazing bullish candle base and may work as support again.
If TON decreases to that area, traders will closely see if the buyers are retreating. A strong reaction can lead to another short -term bounce. But if it collapses, the following possible support may be about $ 2.55 or even $ 2.42.
Social feelings indicate a major level
Cryptochiesfs highlighted the bottom of the candle that overwhelms it for some reason. It is a level that tracks many merchants. if The price of TON can be proven above itIt may attract some bullish settings.
But as the broader direction continues, this price can be decided in this support area. It is a spot that deserves to be preserved in the next few days.
Also read: Here is the price of Toncoin (TON) if the Gold Stablecoin from Telegram dominates the global RWA payments by 2030
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