Toncoin at Crucial Level: Breakout or Pullback Ahead?
Key Takeaways
Toncoin (TON) is at a critical juncture. The price action presents mixed signals, while technical indicators suggest a potential upward movement. The resistance at $4 remains a crucial factor. At the same time, a pullback to $3.4–$3.5 could present a buying opportunity.
Market Structure and Resistance Zones
Toncoin’s current price action shows a bearish market structure on the daily chart. However, a sustained rise above $3.95 could signal a trend reversal. The resistance zone at $4 remains critical. If this level is breached, further price increases could follow.
Technical Indicators and Capital Flows
Several technical indicators suggest a potential price rally:
– **Chaikin Money Flow (CMF):** The value is above +0.05, indicating strong capital inflows.
– **On-Balance Volume (OBV):** A significant increase over the past two weeks signals rising buying interest.
– **MACD (Moving Average Convergence Divergence):** Close to crossing the zero line, suggesting positive price momentum.
These factors point to a possible move above $4.
Short-Term Support Zones
On the 4-hour chart, capital inflows appear to be weakening. The CMF has fallen below -0.05, while the OBV trend remains positive. The market structure remains bullish, with the $3.4 level acting as key support. A retest of this zone could trigger a rebound. However, if the price falls below this level, further declines are possible.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Nature Slots: Top Nature-Themed Slot Games for a Wild Experience
Reading time: ~ 2 minutes
-
High Volatility Slots
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
Liquidity Zones and Potential Price Targets
According to liquidation heatmaps, the following price areas are particularly relevant:
– **$3.9–$4:** A critical resistance area with high liquidity.
– **$5.5–$5.9:** Potential price targets if a breakout above $4 occurs.
– **$3.4–$3.5:** A high-liquidity zone that could act as short-term support.
A drop to $3.5 could present a buying opportunity, while a sustained breakout above $4 could open the door for further upside potential.
Our Assessment
Toncoin presents mixed signals. While some indicators suggest an impending price rally, the resistance at $4 remains a crucial hurdle. In the short term, a pullback to $3.4–$3.5 could offer a buying opportunity. Traders should closely monitor liquidity zones and technical indicators to make informed decisions.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency