The post TON Bearish Analysis Feb 1 appeared on BitcoinEthereumNews.com.

TON is testing the critical support line by falling to the $1.34 level with over 7% value loss amid the general sell-off wave in the crypto market. The RSI indicator pointing to the oversold region at 26.70, could it trigger a short-term reaction buy, or will the downtrend continue? In this analysis, we draw a clear picture with multi-timeframe alignments and momentum signals. Market Outlook and Current Situation TON is trading at the $1.34 level with a sharp 7.02% drop in the last 24 hours. While the daily range is forming in the $1.25-1.44 band, trading volume has declined to $112.24 million, indicating intensified selling pressure. The overall trend is clearly downward; the price continues to stay below EMA20 ($1.54), and the Supertrend indicator is drawing a resistance line around $1.58. Despite no significant news flow in the market, the general flight to safety led by Bitcoin appears to have triggered this decline in altcoins. In recent weeks, TON entered a correction process following the hype brought by Telegram integration. The asset, which has lost over 30% since early December, is attracting investors’ attention as it approaches the strong $1.25 support zone. Although the decrease in volume indicates that panic selling is slowing down, it is clear that new buyers are adopting a wait-and-see strategy before entering. In this context, current levels may offer strategic opportunities for traders following TON spot analyses. Although the general market sentiment is negative, TON’s ecosystem developments preserve its long-term potential. However, in the short term, the dominance of the downtrend continues, and it seems difficult for the price to give a recovery signal without closing above $1.40. Technical Analysis: Levels to Watch Support Zones The most critical support level stands out at $1.2500 (strength score: 75/100); this zone overlaps with the recent low points…

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Filed under: News - @ February 1, 2026 2:31 am