TONUSD Market Analysis – August 28
Toncoin price action highlights a potential bullish reversal as the long-standing bearish trend shows signs of exhaustion and a key structural breach emerges.
TONUSD Key Levels
Support Levels: $3.0900, $2.1800
Resistance Levels: $4.5000, $5.8500
TONUSD Long-Term Trend: Bullish
Toncoin established a major high in early December 2024, which marked the beginning of an extended bearish phase. This downtrend persisted until July 2025 when price action finally breached the bearish structure, signaling a potential shift in market sentiment.
Following the breakout, TONUSD reclaimed the $3.0900 level—previously lost during the decline—and has since maintained it as a key support zone. The daily Relative Strength Index (RSI) currently trends towards the oversold region, suggesting that while short-term bearish pressure may persist, it is more likely to be corrective rather than a full bearish continuation.
The broader technical outlook remains supportive of the bullish bias. Any additional downward moves are expected to remain within the confines of the overarching bullish trendline. While a temporary dip below $3.0900 is possible given RSI positioning, such a breach is unlikely to be sustained, further reinforcing the medium-to-long-term bullish outlook.
TONUSD Medium-Term Trend: Bearish
On the 4-hour chart, Toncoin previously bounced from the $3.0900 support level, forming a higher high before facing resistance that resulted in successive lower highs. Price is now retesting the $3.0900 level, which aligns with the bullish trendline support on the daily timeframe.
For bullish momentum to regain full strength, the minor bearish trendline must be decisively broken, confirming a trend reversal. A successful breach would increase the likelihood of a strong bullish continuation as TONCOIN resumes alignment with its broader uptrend.
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