Are you eyeing Toncoin (TON) for a potential dip-buy entry? Then this technical breakdown is exactly what you need. TON price has recently retested its key support near $3.07 after failing to sustain momentum above the $3.22 resistance zone. With RSI dipping into oversold territory and MACD showing a series of bearish-to-bullish shifts, traders are now closely watching for signs of a reversal. Let’s dive into the past 24 hours of Toncoin price trend to analyze whether TON is gearing up for a recovery or setting the stage for deeper downside movement.
TON Price Analysis of April 24th, 2025
The TON price action on a 5-minute chart on April 23rd and 24th exhibits a broad oscillation within a defined technical structure. Toncoin (TON) continued on a slow upward trajectory by breaking above the $3.10 barrier for a brief spike above $3.15. However, between 03:00 and 13:00 UTC, the Toncoin price settled into a sideways consolidation trading channel between $3.08 and $3.16. This range indicated a balance of buying and selling pressure with RSI moving between neutral and overbought conditions and MACD oscillating around the zero line, indicating a state of indecision in momentum. Volatility contracted here, reflecting uncertainty before the next directional move.
Chart 1, Analyzed by Alokkp0608, published on April 24th, 2025.
From 13:00 to 15:30 UTC, Toncoin broke downward from the range, entering a short-term descending channel. Price tested the $3.07 support, briefly dipping below it before reversing. RSI touched oversold conditions, signaling bearish exhaustion, while the MACD histogram flattened. This move was quickly countered by bullish momentum, and TON surged in an uptrend, breaking out of the downward channel and sharply climbing to a high of $3.22 by 18:20 UTC. During this run, RSI entered overbought territory and MACD printed a broad golden cross, confirming bullish strength. However, the $3.22 zone aligned with a previously tested resistance band and triggered seller interest.
Between 18:30 and 00:00 UTC, TON faced repeated rejection at resistance, forming a local double top near $3.22. The TON price action retraced gradually to $3.14 and attempted another breakout, but momentum waned. MACD began forming bearish crossovers while RSI started diverging from price highs, suggesting weakening bullish pressure. The market hovered around $3.15 into the early hours of April 24th, with each bounce off the $3.14 region becoming shallower, indicating buyers’ fatigue.
TON Price Prediction: What’s Next for Toncoin?
During the early hours of April 24th, the Toncoin price trend shifted into a clear downtrend, sliding from $3.14 and retesting the key $3.07 support level. RSI dipped into oversold territory, and MACD signaled ongoing bearish pressure with a series of death crosses. However, buyers stepped in around 08:50 UTC to defend the $3.07 floor, sparking a minor reversal toward $3.10. A bullish wave may follow if momentum builds above $3.12 and RSI crosses back above 50, especially with a fresh MACD golden cross. The support structure below $3.07 remains critical for the sustainability of any upward Toncoin price trend.
TON at a Crossroads: Recovery or Further Pullback?
TON price is at a make-or-break moment after bouncing off the familiar $3.07 support zone. With RSI climbing out of oversold territory and MACD starting to turn, a glimmer of bullish momentum is returning, but it’s still early. If TON can push past $3.12 with conviction, it could open the door for a retest of $3.16 or even another run at the $3.22 resistance.
Conversely, failure to hold above $3.10 might drag the price back toward $3.03 or lower. TON price prediction suggests traders should closely monitor price behavior around $3.10–$3.12 for short-term cues, as a successful retest here may spark renewed buying and a potential challenge of the $3.16 and $3.22 resistance levels in the sessions ahead.
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