TON Price Struggles Below Key Moving Averages as Bearish Momentum Builds
The post TON Price Struggles Below Key Moving Averages as Bearish Momentum Builds appeared on BitcoinEthereumNews.com.
Zach Anderson
Aug 31, 2025 08:03
Toncoin trades at $3.13 with weak bullish trend signals, while TON RSI sits neutral at 42.70 amid declining momentum indicators pointing to potential downside.
Quick Take • TON currently trading at $3.13 (+1.00% in 24h) • Toncoin’s RSI remains neutral at 42.70 but MACD shows bearish divergence • No significant news catalysts identified in recent trading sessions What’s Driving Toncoin Price Today? The TON price has shown modest resilience with a 1.00% gain over the past 24 hours, but this move appears more corrective than impulsive given the broader technical backdrop. Trading within a tight range of $3.07 to $3.15, Toncoin has struggled to generate meaningful momentum in either direction. The absence of significant news events over the past week has left TON price action largely dependent on technical factors and broader cryptocurrency market sentiment. This news vacuum often leads to sideways consolidation, which appears to be the current market structure for Toncoin. Volume on Binance spot markets reached $14.69 million over 24 hours, representing moderate interest but lacking the conviction needed for a decisive breakout in either direction. TON Technical Analysis: Bearish Signals Emerge The most concerning signal for Toncoin technical analysis comes from the MACD indicator, which shows a bearish histogram reading of -0.0291. This suggests that downward momentum is building beneath the surface, even as TON price maintains relatively stable levels. Toncoin’s RSI at 42.70 sits in neutral territory, indicating neither oversold nor overbought conditions. However, the TON RSI’s position below the 50 midpoint suggests underlying weakness that could accelerate if selling pressure increases. The moving average structure presents a mixed picture for TON/USDT traders. While Toncoin trades near its 7-day SMA at $3.13, it remains below both the 20-day and 50-day SMAs…
Filed under: News - @ August 31, 2025 8:29 am