Toncoin Price Remains In A Trading Range Above $3.00

Jun 05, 2025 at 09:40 // News
Author
Coin Idol
Today's buying pushed the price above the moving average lines

The price of Toncoin (TON) is trending sideways at the bottom of the chart.

TON has been trading above the $2.80 support but below the $3.40 resistance since April 6, as reported by Coinidol.com.

However, the crypto price has bounced between the moving average lines. Today's buying pushed the price above the moving average lines. The altcoin was unable to sustain its upward momentum beyond the $3.20 high and fell back to the moving average lines. The altcoin will rise and retest the resistance at $3.40 if it retraces and stays above the moving average lines.

The price of the altcoin will fall to the next support at $3.00 if it falls below the moving average lines. The downtrend will continue until it reaches the $2.80 level. The price of the altcoin today is $3.16.

TON price indicators analysis

The sideways trend is indicated by the horizontal moving average lines on both charts. TON is falling as the price bars fall below the moving average lines. There is a possibility that selling pressure will reappear while the market is in the downtrend zone. Doji candlesticks are a feature of the market that slows price movement.

Technical Indicators

Resistance Levels: $6.00, $8.00, $10.00

Support Levels: $5.00, $3.00, $1.00

TONUSD_(Daily Chart) - June 4, 2025

What is the next move for Toncoin?

TON's price range is capped at $2.80 to $3.40. The cryptocurrency will continue to stay in the range as it sits between the different levels. Toncoin will rise if the bullish momentum is maintained above the $3.40 level.

However, the altcoin would crash if the bears push the price below the $2.80 support.

TONUSD_(4-hour Chart) - June 4.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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