$TON Price Prediction: Tons of Trouble Lie Ahead - BeinCrypto Analytics

An assessment of TON’s price performance on a one-day chart indicates a potential for further decline in the short term. Currently, the altcoin trades well below the Leading Span A and Leading Span B, which form its Ichimoku Cloud indicator. This indicator helps identify trends, support and resistance levels, and potential market reversals.

Trading below the cloud suggests that TON is in a downtrend, with the cloud acting as a resistance level, indicating that sellers currently dominate the market. Additionally, TON’s declining Relative Strength Index (RSI) further confirms the selling pressure, with the RSI currently below the 50-neutral line at 38.22. This suggests that selling activity is outweighing buying pressure among market participants.

If the selling pressure continues, TON’s price could drop to $4.74, which would invalidate Lee’s bullish projection of $6.5 to $7. However, if the market trend shifts toward accumulation, with traders starting to buy more TON, its price could rise to $5.57 and potentially reach $6, aligning with Lee’s predictions.