The post Toncoin Pulls Back At The $3.60 Threshold appeared on BitcoinEthereumNews.com.

Jul 23, 2025 at 10:14 // News Toncoin (TON) rose to the upper $3.60 price area before retreating. Buyers failed to sustain the bullish momentum above the $3.60 resistance level after breaking through it.
Toncoin price long-term prediction: bullish
If the barrier is breached, the positive momentum could extend to a high of $4.20. The cryptocurrency falls after reaching $3.60. This is the fifth time the altcoin has deviated from the resistance zone. If rejected, the altcoin will fall below the moving average lines and return to the previous low of $2.60. TON is at $3.34 and trading above the moving averages.

TON price indicators analysis
The price bars are above the horizontal moving average lines. The moving average lines on the 4-hour chart have started to rise in response to the recent rally.

However, the rally has stalled as TON has fallen from its recent high. Extended candlestick wicks can be seen in today’s rallies. This shows that there is significant selling pressure near $3.60.

Technical Indicators

Resistance Levels: $6.00, $8.00, $10.00

Support Levels: $5.00, $3.00, $1.00

What is the next step for Toncoin?
TON is still in the bullish trend zone despite its recent decline. On the 4-hour chart, the altcoin has pulled back above the 21-day SMA support but is still trading below the $3.60 high. If the price falls below the 21-day SMA support, TON will return to its trading range. In the meantime, the crypto signal is negative as buyers have failed to break through the $3.60 level.

The price of Toncoin was steadily rising since breaking above the moving average lines on July 14, as reported by Coinidol.com.

Disclaimer. This analysis and forecast are the…

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Filed under: News - @ July 23, 2025 11:28 am