TLDR
- Toncoin is consolidated to approximately $ 3.29 after reaching a height of $ 3.54 in early May
- Technical support is $ 3.21 (lower Bollinger band and 100-period SMA), with resistance of $ 3.38 and $ 3.54
- RSI has cooled to 47.64, which indicates reduced buyingress
- A Haussearted pennant pattern has been formed with $ 3.50 as key resistance
- Election activity has increased with large transactions that nail by 84% to $ 6.12 billion
Toncoin (ton) has entered a consolidation phase after a rally in early May that saw Cryptocurrency Touch a height of $ 3.54. From May 15, 2025, tone is traded at about $ 3.29, with technical indicators suggesting a break in the haus -shaped momentum that characterized the previous performance.
The 4-hour diagram reveals that TON is currently shopping near the midline for the Bollinger bands. Support has established about $ 3.21, a level that coincides with both the Lower Bollinger Band and the 100-period Simple Moving Average (SMA). This convergence of technical factors suggests that this price point may act as a short -term floor.
On the resistance side, tone is against obstacles to $ 3.38 and more critically at $ 3.54, which represents the latest local high. A decisive interruption over $ 3.54 can reuse a ravaged interest rate and potentially lead to additional price estimate.
Relative Strength Index (RSI) has withdrawn from over -bought territory and now sits at 47.64. This backback indicates that the purchase pressure has decreased after the strong early can run. At the same time, RSI’s variable average at 55.15 may present resistance during any short -term recovery attempts.
Bullish patterns appear
Tone has formed a bumpy pennant pattern, which usually signals a potential continuation of the existing performance. This formation follows a three-day rally that began on May 8.
Momentum, however, seems to lose steam when the asset tests a crucial resistance level on the psychologically important $ 3.50 brand. Bulls has struggled to push the price above this threshold, which causes tone to hover just below this important resistance zone.
Despite the price stagnation, measurement values on the chain tell another story. Large transactions have increased by an impressive 84%and reach $ 6.12 billion. This increase in activity often indicates significant choices or institutional movement, which can precede large price measures.
The increased transaction volume suggests that the key Players in tone Ecosystems can place itself for a potential outbreak over the current resistance levels.
Adding the hausse is liquidation data from Coinglass. A cluster of over $ 999,000 in liquidations is at the $ 3.66 level, just above the current resistance. This concentration can act as a price magnet.
If tone manages to break over $ 3.50, it can trigger a cascade of short liquidations. Merchants caught in short positions would be forced to buy back tone to cover their positions and potentially add fuel to an upward move.
The volume has decreased compared to the beginning of May rally, which can limit the volatility in the short term. A new increase in purchase interest would probably require a positive basic development or a broader market strength to realize.
Tone remains over both 100 and 200-period SMA, which is usually considered to be a haussey signal. However, the short -term momentum has clearly subsided, which puts cryptocurrency in a hold pattern.
For tonnes of bulls, the immediate focus is to secure a strong closure above $ 3.50 resistance level. If succeeded, attention would switch to the $ 3.66 area as the next goal.
The combination of a haussey pennant formation, increasing valence collection and potential leverage’s liquidations all points to the possibility of renewing upward speed. But until a breakout occurs, tone can continue to act within its current interval.
From the latest data, Toncoin is traded within a tight interval between support to $ 3.21 and resistance to $ 3.50, with key levels to look at $ 3.54 to the upside and $ 3.10 to the disadvantage of clues about its next direction.
