Toncoin’s Wild Ride: Will It Crash or Just Embarrass Itself?

Wednesday started off all sunshine and rainbows for the market, but then, of course, the bears had to show up and ruin everything. Thanks, CoinStats. 🙄

TON/USD

Toncoin (TON) decided to take a little dip, dropping 2.01% in the last 24 hours. Because why not? It’s not like anyone’s money is on the line or anything. 😒

On the hourly chart, TON is flirting with the local support of $3.585. If it closes below that, well, buckle up, because we’re heading straight for the $3.50 zone. 🎢

Zooming out, it’s still a bearish mess. Traders, keep your eyes on the $3.523 support level. If it closes below that, brace yourselves for a potential nosedive to $3.20-$3.30. 🚨

From a midterm perspective, TON is falling after a fake-out breakout of the $3.903 resistance. If this keeps up, we might be looking at a test of the $3 zone. Because, you know, why not add a little more drama? 🍿

As of now, TON is trading at $3.549. But let’s be real, who knows where it’ll be by the time you finish reading this? 🤷‍♂️

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2025-03-26 18:03