‎TONUSD Continues Its Downward Expansion as Sellers Strengthen Market Control

‎TONUSD Market Analysis- November 21

‎TONUSD extends its bearish momentum as sellers strengthen their grip on the market, pushing price into deeper lows across multiple timeframes.”

‎TONUSD Key Levels

‎Support Levels: $1.9200, $1.3240
‎Resistance Levels:$2.5300, $3.2280

‎TONUSD Long-Term Trend: Bearish

‎TONCOIN extends its long-term bearish trend as sellers intensify pressure and continue driving price toward lower levels. Earlier in the year, price maintained a bearish disposition, declining steadily into March before buyers briefly stepped in to create a temporary upward recovery. This bullish response, however, lacked the strength needed for a full reversal.
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‎Following this short-lived relief, TONUSD entered a prolonged consolidation phase, signaling an indecisive battle between buyers and sellers. Neither side held clear dominance during this period, resulting in a tight, corrective structure that persisted for months. The stalemate eventually broke in September, where a strong bearish breakout confirmed sellers’ renewed and decisive control over market direction.
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‎Since that breakout, TONUSD has continued its decline with increased momentum. The daily Relative Strength Index has dropped into oversold territory, a condition that typically hints at a potential bullish rebound. However, price action shows no real sign of recovery, as TONUSD remains firmly below the daily Moving Average—an indication that sellers still maintain full dominance and continue to dictate market flow.

‎TONUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, TONUSD sustains a clear bearish structure characterized by consistent lower lows and a decisive break below the $1.9200 demand level. This breach opened the path for further declines, allowing sellers to continue targeting lower price zones with little resistance from buyers.
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‎Although the 4-hour Relative Strength Index also signals oversold conditions, the market structure remains strictly bearish, offering no solid hints of a bullish reversal. With momentum favoring sellers, TONUSD is expected to continue toward the $1.3240 demand level as the next major downside target.

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