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Toncoin (TON) Tests Critical Support at $3.182 Amid Bearish Technical Signals
Toncoin (TON) Tests Critical Support at $3.182 Amid Bearish Technical Signals
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) is hovering NEAR a crucial support level at $3.182 following a 10% drop over two days, with the 50-day Exponential Moving Average (EMA) now acting as a decisive threshold. Market sentiment has weakened as Open Interest in TON derivatives contracts fell 10% to $379.65 million, signaling growing trader caution despite Verb Technology's $558 million treasury commitment to the project.
The MACD indicator's sell signal adds to the technical bearishness, exacerbating concerns from the double-digit decline. Two consecutive bearish candles have pushed TON from resistance at the 200-day EMA toward fragile support at the 50-day EMA—a pattern that often precedes prolonged downtrends when paired with declining open interest.
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