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TONUSD Analysis – December 10
TONUSD continues to extend structural downside pressure across sessions. The pair maintains a broadly defensive outlook as price action remains below the short-term moving averages, reinforcing a sustained bearish environment. The MACD histogram lingers near the neutral line with only weak signs of momentum recovery, indicating that buyers lack the strength needed to initiate a meaningful reversal. This combination of declining structure and soft indicator readings highlights persistent downside inefficiency and supports a cautious market stance.
The pair has repeatedly failed to reclaim the former support area around $2.360, which now acts as a supply zone consistently rejecting upside attempts. Price continues to hover narrowly above the $1.590–$1.450 region, forming a fragile consolidation that lacks the demand strength required to counter the broader downtrend. The structural pattern remains defined by lower highs and pressured rallies, signalling that each approach toward the $1.900–$2.000 range attracts renewed selling interest.
Given the prevailing momentum profile and the inability to form stronger structural floors, TONUSD appears positioned for a continuation toward deeper valuation zones. A rejected retest of the $2.000–$2.360 supply band may invite further selling pressure, potentially exposing the next major downside target near $0.570. Unless the market reclaims and sustains levels above the upper supply threshold, the bearish trajectory remains the more probable outcome in the sessions ahead.
TONUSD Short-Term Trend: Bullish
TONUSD maintains a constructive bullish structure on the four-hour chart, supported by consistent trading above the ascending trendline. Price action continues to generate higher lows while holding above the short-term moving averages, signalling steady buyer engagement. Momentum remains favourable, with the MACD stabilizing in positive territory and reinforcing short-term upward potential. If the current structure remains intact, TONUSD is positioned to retest the $1.90–$2.10 supply zone soon, where traders will be watching closely for new crypto signals that may shape the next directional move.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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