Toncoin [TON] Price Prediction: Will the Token Break the Support and Continue its Downward Trend?

TON [TON] remained bearish over the past month, declining by 8.10%. However, momentum has slowed during the last 24 hours, with a smaller 0.79% drop.

Toncoin [TON] was bearish over the last month, with price decreasing by 8.10%. However, momentum has slowed over the last 24 hours, with a smaller 0.79% drop.

Still, market sentiment suggests a high likelihood of further decline. AMBCrypto analysis gives a clear insight into what could happen.

Support level could be lost on TON

At the time of writing, TON was trading directly on a critical support level. A red candle formed just above this zone, signaling a potential breakdown.

This bearish sentiment, combined with the candlestick pattern, appears within a broader bullish pattern, which is known as the symmetrical triangle.

Source: TradingView

Typically, the bottom support level is used as a launch point, pushing the asset toward the pattern’s peak at $4.9.

However, with a bearish candle forming at the support, it is likely that TON will trade lower.

Key levels to watch for a potential rebound are $2.8, $2.5, and $2.3. The strength of buy orders at these levels will determine whether TON can regain bullish momentum and re-enter the pattern.

Which path will it take?

Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are two technical indicators that can be used to gauge the potential direction of an asset’s price movement.

In the case of TON, both RSI and MACD suggest that the altcoin is more likely to continue moving downwards.

RSI, which indicates market trend direction and whether the altcoin is oversold or overbought, signaled a bearish trend.

A bearish trend occurs when the RSI is reading between 50 and 30.

TON’s reading was at 44.21 and decreasing, signaling that a further drop is likely.

Source: TradingView

At the same time, the MACD backed this view. The MACD Line fell to -0.040, and the Signal Line was at -0.021.

The bearish crossover, which occurs when the MACD Line crosses below the Signal Line, reinforced seller dominance, hinting that lower lows may follow unless momentum reverses soon.

Users are flocking away

On top of that, TON’s DEX Trading Volume across decentralized exchanges dropped drastically and was at $3.3 million. That is the lowest this year, which is clear on the chart.

Source: Artemis

This sharp decline in activity suggests a rapid decrease in interest in TON’s ecosystem. With fewer users and weaker liquidity, both investor confidence and price stability appear compromised.

Unless on-chain demand returns or technicals reset, TON may lose the key support and move further away from the bullish triangle.