Ton Price Analysis for March 5, 2025: Ton Fluctutate Between $3.215 and $2.800 – Is a Breakout Ahead?

The Ton price analysis shows that the price is fluctuating, trying to form a trend in either direction, with selling pressure coming in from the major downtrend. Every attempt to form an uptrend has failed. As we go through the Ton price analysis, we explore the reason for the long wick candlesticks, which account for more than 10% of the price of Ton. We will also find the support and resistance levels and see how they can perform in future trading sessions. Without any further delay, let’s dive into the Ton price analysis.

Ton Price Analysis of the Last 24 Hours

At 01:35 UTC, the price broke out from a small range and pushed RSI below the level of 30, indicating a reversal or at least a pullback. MACD showed a golden cross at 02:45 UTC, pushing the price upward in a channel. At 05:05 UTC, RSI moved to the overbought area, suggesting a pullback, which was further corroborated by a death cross of MACD at 05:50 UTC. As a result, the price broke out to the downside of the channel but failed to form a spike. Instead, it formed a range, showing that the bullish momentum is not gone. 

Chart 1: Analysed by vallijat007, published on TradingView, March 5, 2025

The range broke out to the upside at 08:15 UTC, but it also failed to form a spike. Instead, the price found resistance at $3.075 and formed an expanding triangle pattern. The expanding triangle pattern at 14:30 UTC tried to break out to the upside, marking the high of the day at $3.215, but it failed, and the expanding triangle spiked to the downside at 14:50 UTC, marking the low of the day at $2.800. 

Key Support and Resistance Levels in a Range-Bound Market

As the price tried to form a trend in both directions but failed vigorously, this started a very narrow range market with a resistance level at $3.155 and a support level at $3.100. Various signals were given by RSI and MACD when the price was in the range.

At 03:55 UTC, the price broke out to the downside of the range, marking the low of the day on 5th March 2025 at $2.875. At the same time, RSI dropped below the level of 30, indicating an oversold condition, which was further corroborated by a golden cross of MACD at 05:00 UTC. Both helped in the formation of a channel in which Ton price today is trading.

Extreme Fluctuations and Range-Bound Market Conditions

Ton price today is currently in a range-bound market. Both sides prevent the price from forming a trend, showing the extreme range behavior of Ton. Ton fluctuates, making it difficult to establish a clear trend. Traders and investors are advised to put stop-loss and limit orders with care, as seen from the analysis, where more than 10% of price fluctuations occur within seconds, making it extremely difficult to trade. This may be due to low liquidity or possibly a stop-loss hunt by big players, so stay cautious while trading Ton price today. As Ton fluctuates, it remains uncertain whether it will break out or continue in its range-bound movement.