$TON stagnates amid low volatility  - AMBCrypto Analytics

Over the past two weeks, TON has exhibited a tight trading range between $5.00 and $5.40, reflecting a period of consolidation. The RSI has consistently remained below 50, currently sitting at 47, indicating a prevailing bearish sentiment with sellers outweighing buyers. This scenario stands in stark contrast to the broader crypto market, where the fear and greed index suggests heightened retail interest in digital assets.

The volatility of TON has diminished, evidenced by the narrowing Bollinger Bands. Recently, the token tested the upper band at $5.39 but encountered resistance, highlighting the struggle to maintain upward momentum. A successful break above this level could initiate a bullish trend; however, the lack of strong buying pressure raises concerns.

Conversely, if TON fails to escape this consolidation phase, it risks a significant decline, with potential support around the 1.618 Fibonacci level at $4.28—an 18% drop from its current price.