The post Toncoin Reaches Its Low Price Above $3.00 appeared on BitcoinEthereumNews.com.

Mar 02, 2025 at 13:57 // Price The price of Toncoin (TON) has been falling as it approaches the bottom of the chart. Long-term Toncoin price prediction: bearish The cryptocurrency fell from its high of $8.33 to $3.13. The moving average lines were broken by the bearish momentum. TON is most likely to fall further as the price bars are below the moving average lines.  On the downside, the decline is expected to reach the previous low of $2.05. It is likely that TON will stay above the $2.00 support and then TON will rise. The cryptocurrency will have to move between $2.00 and below the moving average lines. Analysis of the TON indicator The current decline was caused by the TON price bars being below the moving average lines. In addition, the bearish signal is indicated by the 21-day SMA being below the 50-day SMA. Both the 50-day and 21-day SMAs have fallen sharply to the downside on the 4-hour chart. Technical Indicators Resistance Levels: $6.00, $8.00, $10.00 Support Levels: $5.00, $3.00, $1.00 What is the next move for Toncoin? TON is approaching the bottom of the chart as it has reached the low of $3.00. On the 4-hour chart, the altcoin is trading in a small range above the $3.00 support and below the $3.40 high. The downtrend will continue if the bears break below the $3.00 support. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.  Source: https://coinidol.com/toncoin-reaches-its-low/

---

Filed under: News - @ March 2, 2025 2:15 pm