‎TONUSD Extends Bearish Trend as Key Support Levels Face Renewed Pressure

Toncoin Price Forecast – April 10

‎TONUSD continues its broader bearish trajectory following a decisive break of structure in early February 2025. Despite intermittent bullish pullbacks, the failure to sustain momentum above the critical $3.8530 level has reinforced the dominance of sellers in the market.

TONUSD Key Levels

‎Support Levels: $3.8530, $2.4000
‎Resistance Levels: $5.5830, $7.0190

‎Toncoin Long-Term Trend: Bearish (Daily Chart)

‎The $7.0190 resistance level proved pivotal, halting bullish attempts in both mid-August and early December 2024. This price zone became the turning point where buying pressure weakened, a scenario confirmed by the daily Relative Strength Index (RSI), which signaled a loss of bullish momentum in early December.
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‎The major bearish shift occurred in February 2025, when price breached the $3.8530 demand zone and extended downward toward the $2.4000 level. Although this area briefly spurred a bullish reaction and filled part of a daily Fair Value Gap, the bounce was short-lived. Sellers quickly regained control, resuming the downtrend.
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‎Technical indicators align with the bearish narrative. The daily Moving Average shows price trading well below it, confirming sustained downward pressure. Meanwhile, the RSI reveals declining momentum, indicating increasing seller dominance. While the RSI approaches oversold territory, suggesting a possible relief rally, a breach below the $2.4000 level could open the door to even lower prices before any significant bullish correction.

‎TONUSD Medium-Term Trend: Bearish (4-hours chart)

‎On the 4-hour timeframe, TONUSD presents a consistent bearish market structure. A clear shift in structure supports the ongoing sell-off, which is further validated by the 4-hour Moving Average flashing a bearish signal, in alignment with the higher timeframe trend.
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‎Currently, price is reacting off a 4-hour order block and appears poised for further downside movement. However, traders should exercise caution as the 4-hour RSI shows rising momentum, hinting at increasing buyer interest. While short-term bullish candles may appear, they are not expected to result in a significant trend reversal at this stage, as the bearish sentiment remains firmly in control.

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