Fun

Toncoin Walks A Tightrope At $2.80 As Market Tension Builds – What Next?

News Feed - 2025-07-04 08:07:18

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a recent poston X, Michael Steinbach highlighted that Toncoin’s current price is at $2.80, which he considers one of the most exciting levels of the year. With momentumbuilding, Steinbach noted that traders everywhere are now asking the same question: Is a breakout finally underway, or is a sharp sell-off just around the corner? Toncoin Locked In A Narrow Range Between $2.70 And $2.80


Analyzing the daily chart, Michael Steinbach points out that Toncoin has been locked in a tight range between $2.70 as support and $2.80 as resistance for several weeks now. He warns that jumping into the market without a clear plan is a recipe for losses, especially when others are already navigating these well-defined zones with precision. Related Reading Toncoin Heading Toward 40% Breakout, Pattern Could Suggest 3 weeks ago


He highlights the RSI sitting at 39, a relatively weak position. While it’s not yet in oversold territory, Steinbach notes that buyers may be holding off for deeper levels. Back in April, a strong rebound occurred from below 30, making the 30–32 zone a critical area to watch for potential bullishreactions.


In terms of risk, Steinbach warns that a break below the $2.70 support could hand control over to the bears. If that level fails, the next downsidetargets to watch are $2.50 and, in a worst-case scenario, $2.00. He reminds traders that repeated tests of a support zone tend to weaken it over time, and when it finally cracks, the fallout can come fast.


Whether watching for a breakout or a breakdown, having a plan is essential. Reacting after the crowd moves rarely pays off; it’s the calm, pre-planned decisions that give traders the edge when volatility strikes. Breakout Or Pullback? Define The Setup Before Entering


In outlining the bullish scenario, the analyst noted that if Toncoin manages to secure a daily close above the $2.80 resistance, momentum could quickly follow through. This breakout could open the path toward $3.00, with an extended target near $3.40, representing a potential26% gain from current levels. That’s the kind of upside savvy traders prepare for. Related Reading Toncoin Rises 13% On Telegram’s $300 Million Deal With Elon Musk’s xAI 1 month ago


So, what’s the key takeaway? According to the analyst, successful trading doesn’t rely on gut feeling; it requires well-defined triggers. That means either entering on a confirmed breakout above $2.80 with a stop-loss just below, or stepping back and waiting for a pullbackthat aligns with RSI signals. The focus should always be on minimizing risk while allowing profits room to grow.


As for now, the analystsees the trend as sideways to slightly bearish. Until the chart sends a crystal-clear signal, the best approach is patience — no FOMO trades, no blind bets, just disciplined setups. TON trading at $2.8 on the 1D chart | Source: TONUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com

News Feed

Bybit receives VASP, card operator registration in Argentina
Derek Andersen6 hours agoBybit receives VASP, card operator registration in ArgentinaBybit’s registration as a virtual asset service provider was made possible by a law passed in July.396 Total views6 Total sharesListe
USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months
USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existe
Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate Predictions
Matrixport Launches "BTC-U Range Sniper" — Returns Up to 200% for Accurate Predictions The financial asset services platform Matrixport has introduced a variety of new products s
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and trac
Arijit Sarkar13 hours agoWeb3 wallet Backpack to launch VASP-licensed crypto exchange in DubaiThe Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, a
Coinbase’s Stand With Crypto initiative to launch in Canada
Turner Wright7 hours agoCoinbase’s Stand With Crypto initiative to launch in CanadaThe group hinted at advocating for crypto regulation in Canada and updating the country’s financial system, as residents had an “ap
Carlita, DJ Tennis, and Calamar Crew to Headline AFTER 2049, the Official Closing Event for Asia’s Largest Web3 Conference
Carlita, DJ Tennis, and Calamar Crew to Headline AFTER 2049, the Official Closing Event for Asia’s Largest Web3 Conference press release PRESS RELEASE. TOKEN2049, Asia’s pr
Brian Quarmby6 hours agoAllowing Coinbase to go public was not a ‘blessing’ from regulators — SECThe SEC argued that just because it approves an S-1 filing from a company does not mean the firm is not operating or
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus
Turner Wright2 hours agoTrademark attorney predicts legal fights ahead with Twitter’s rebrand to XAccording to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years,
Argentine Senate Mulls Crypto Advertisement Regulation
Argentine Senate Mulls Crypto Advertisement Regulation The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations p
‘We’re just scratching the surface’ of crypto and AI — Microsoft exec
Andrew Singer10 hours ago‘We’re just scratching the surface’ of crypto and AI — Microsoft execThe symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.792 Total vie