TONUSD Market Analysis- September 4
TONCOIN continues to face downward pressure as the market structure points toward sustained bearish momentum, with critical demand levels now coming into play.
TONUSD Key Levels
Support Levels: $2.6000, $2.2000
Resistance Levels: $3.4000, $4.3000
TONUSD Long-Term Trend: Bearish
TONCOIN resumes its bearish trajectory as price action begins to establish a fresh bearish structure, approaching the $2.6000 demand level. The broader bearish trend initially emerged in early 2025, with an aggressive decline that lasted until March before easing into a sideways consolidation phase.
The recent formation of a double top pattern signaled the end of that sideways movement, leading to a structural shift that strengthened bearish prospects. The daily Moving Average supports this outlook, as price action continues to trade below the indicator.
With the daily Relative Strength Index (RSI) falling sharply, the likelihood of a deeper decline has increased. TONCOIN is expected to breach the $2.6000 demand level, opening the path toward the $2.2000 demand zone.
TONUSD Medium-Term Trend: Bearish
On the 4-hour chart, price action displays a clear sequence of lower lows, further confirming the prevailing bearish structure. A daily order block remains in focus and is likely to be triggered to fuel a stronger continuation of the bearish trend.
Currently, the market is in the midst of a bearish leg, consistent with declining momentum shown by the 4-hour RSI. Once the RSI approaches oversold territory, a temporary bullish rebound is likely, potentially tapping into the order block before the bearish trend resumes in full force.
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