Toncoin Price Analysis February 28, 2025: TON Plunges to $3.118 Amid Market Volatility

 Let’s see how Toncoin suffered setbacks and plummeted to $3.118. At a critical juncture, the price is making an effort to recover. 
Why is Toncoin down today? Following the broader market crash, the Toncoin network has been experiencing a massive downfall. Is Toncoin worth buying at a dip? Let’s analyze the price movement of TON on the daily chart to find out.

Toncoin’s Moderate Trading Phase – February 27, 2025

As illustrated in Chart 1, on February 27, 2025, Toncoin’s trading day entered the phase of the trading range and exhibited a notable price fluctuation. TON’s price movement started with a brief fall in the early trading session. But at 00:35 UTC, TON experienced a short-term rise and began to move in a downward channel. At 05:30 UTC, a Golden Cross on MACD signaled a possible uptrend. Likely, at 05:35 UTC, the TON price began to move on the upside for a short period. Subsequently, at 07:45 UTC, a Death Cross on MACD signaled a possible downtime. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, Feb 28, 2025

Likely, at 07:50 UTC, a pin bar, followed by a full-body red candle, signaled a sharp price decline. The TON price then declined and began to move downward. At 19:30 UTC, the TON price broke the support at $3.379, breached a short breakout, and dropped to $3.333. A Death Cross on MACD at 19:15 signaled this ensuing downtrend. However, at 20:25 UTC, TON encountered an RSI Oversold situation, indicating a trend reversal. As expected, TON found a support at $3.333, moved in an upward channel, and closed at $3.422

Toncoin Price Today: TON Dipped to $3.118

Following the preceding day’s uptrend, on February 28, 2025, Toncoin continued its uptrend for a short period. At 01:05 UTC, a pin bar, followed by a full-body red candle, signaled a sharp price decline at $3.452 resistance. As expected, the TON price fell, spiked, broke the support at $3.333, breached a breakout, and dropped to $3.198. An RSI overbought situation and Death Cross on MACD at 01:05 UTC signaled this ensuing downtime. Conversely, at 02:40 UTC, TON encountered an RSI Oversold situation, indicating a possible trend reversal. 

Likely, TON found support at $3.201 at 02:50 UTC and experienced a short-term rise. But at 03:10 UTC, the TON price resisted at $3.282 and began to fall. At 03:45 UTC, TON broke the support at $3.201, breached a breakout, and dropped to $3.118. However, at 04:10 UTC, TON entered an RSI Oversold situation, indicating a possible trend reversal. As expected, at 04:30 UTC, TON found support at $3.118 and began to move on the upside, eyeing to break the resistance at $3.282.

Toncoin’s Possible Momentum

Based on the Toncoin Price analysis, the Toncoin price today is projecting a downward trajectory. At the moment, the price movement is trying to break the resistance at $3.282. If TON holds above the key resistance, it could encounter bullish momentum. In case TON fails in its attempt, it could either fluctuate within the key level or break the key support at $3.118. Let’s closely monitor the key resistance and support levels to find the next move in Toncoin’s price action.