TON Price Analysis (Weekly): Resistance at $2.966 Tested – Will Bulls Dominate or Bears Take Over?

Are you tracking the latest TON price analysis and wondering what’s next? TON price today reflects a week of sharp movements, with an initial bearish breakdown followed by a strong recovery. Buyers pushed the price into an upward channel, but resistance at higher levels led to increased selling pressure. As TON price prediction suggests, traders are now watching whether TON will sustain its breakout or face another pullback. Let’s dive into the Weekly TON Price Analysis of March 9-15 to examine key market trends.

Toncoin Price Dips to $2.354 Before Bulls Regain Control

The trading week began on March 9th, with bearish pressure pushing the price down from the $2.966 resistance level. A death cross on the MACD at 1:00 UTC confirmed sellers’ dominance, while continuous oversold RSI readings at 4:00 UTC, 10:30 UTC, and throughout the afternoon (13:00 UTC – 19:00 UTC) highlighted strong selling pressure. As the market struggled to find support, another oversold condition from 21:30 UTC to midnight on March 10th helped buyers establish a base at $2.606. A golden cross at midnight indicated a potential bullish reversal, but selling pressure at 14:30 UTC triggered another death cross, leading to further decline.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 15, 2025

According to TON price analysis, on March 11th, bearish momentum intensified, dragging the price to a weekly low of $2.354. However, buyers stepped in, and a golden cross on the MACD at 2:00 UTC initiated a strong bullish reversal, forming an Upward Channel. Despite the rally, a death cross at 16:00 UTC caused a pullback, temporarily capping the bullish momentum and bringing the price back into a consolidation zone.

Toncoin Climbs to $2.990 Before Bearish Pressure Pulls It Back

The upward channel remained intact until March 15th, with buyers maintaining control. On March 11th at 22:30 UTC, bearish pressure emerged as a death cross signaled a slight pullback. However, the bulls regained momentum on March 12th at 7:00 UTC when a golden cross fueled an upward move, keeping the price within a steady rising channel. March 13th saw moderate fluctuations within the range, while March 14th brought stronger bullish momentum. An overbought RSI reading at 2:00 UTC hinted at increased buying pressure, and a golden cross at 14:00 UTC further boosted the rally. 

The RSI shows persistent overbought at 19:00 UTC, 20:30 UTC, and 23:00 UTC indicated heightened bullish strength. On March 15th, a death cross at midnight temporarily pushed the price downward, but an overbought RSI at 4:30 UTC triggered another breakout attempt, sending the price to a weekly high of $2.990. However, a death cross at 5:30 UTC signaled renewed bearish pressure, pulling the price back into its trading range.

TON Price Prediction: Can Bulls Push Beyond Resistance?

Over the past week, TON price analysis highlighted a mix of bearish breakdowns and bullish recoveries, with TON price today fluctuating within key levels. If bearish pressure intensifies, the price may test the $2.606 support level, risking further downside. However, if buyers regain control, TON price prediction suggests a potential breakout above $2.966, targeting the psychological $3.000 to $3.100 range. Traders are closely watching whether the recent pullback signals a deeper correction or a setup for another leg upward. The next move will determine TON’s market direction.