The post Toncoin Pulls Back And Finds Support Above $2.90 appeared on BitcoinEthereumNews.com.

Jun 16, 2025 at 18:05 // Price The price of Toncoin (TON) is in a trading range at the bottom of the chart. Toncoin price long-term prediction: ranging
The crypto price has remained stable, trading steadily above the $2.80 support but below the $3.40 resistance.

Since April 6, the bulls have defended the $2.80 support level. The altcoin is maintaining its sideways trend as its price is alternately above and below the moving average lines. The altcoin is currently falling below the moving average lines after being rejected at the $3.40 level. Selling pressure has eased above the $2.90 support. TON is preparing to resume its uptrend by consolidating above the existing support.

TON will rise to $4.20 if buyers keep the price above the $3.40 resistance and the moving average lines. TONNE is trading at $2.97.
TON price indicators analysis
TON’s price bars are below the moving average lines after the dip on June 12. The altcoin has continued its sideways trend, with the price bars regularly oscillating between the 21-day and 50-day moving averages. The doji candlesticks regulate the price movement and illustrate the uncertainty of traders.

Technical Indicators

Resistance Levels: $6.00, $8.00, $10.00

Support Levels: $5.00, $3.00, $1.00

What’s next for Toncoin?
On the 4-hour chart, the TON price has maintained its movement above the $2.90 support and below $3.40. It is currently trading in a limited range. It is currently trading in a limited range that is below the moving average lines but above the $2.90 support. The price of TON will rise if it bounces back and rises above the moving average lines.

On the positive side, Toncoin will reach the $3.40 level. TON will rise as the cryptocurrency approaches the oversold area of the market.
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Filed under: News - @ June 16, 2025 8:21 pm