Toncoin USD Crashes 18.8% to $1.34 as Selling Accelerates

Toncoin USD plummeted 18.8% to $1.3408 in 24 hours, erasing $0.31 from its opening price of $1.65. Volume dropped 54% below the 90-day average to 127.5 million, suggesting weak conviction behind the sell-off. No single news event explains the move, but the technical picture reveals a coin caught between short-term oversold signals and long-term bearish forecasts.

What the technical indicators reveal about the crash

The RSI at 44.25 sits in neutral territory, neither overbought nor oversold, contradicting the severity of the price drop. MACD remains flat at -0.02 with a zero histogram, showing no momentum shift. The Stochastic %K at 16.51 is deeply oversold, signaling potential for a bounce. Price sits $0.09 above the Bollinger Band lower support at $1.29, leaving room to fall before hitting a key floor.

Meyka’s price forecasts point to steeper declines ahead

Meyka’s 1-month forecast of $0.55 implies a further 59% drop from current levels. The 12-month forecast of $0.13 suggests a 90.3% decline, pricing in extreme bearish sentiment. Forecasts may change due to market conditions, regulations, or unexpected events. These targets assume sustained selling pressure and no positive catalyst to reverse the trend.

Volume collapse signals weak selling, not capitulation

Trading volume fell to 127.5 million, 46% of the 90-day average of 276.6 million. Low volume on a sharp drop often precedes reversals, as weak hands exit while strong holders stay put. The Money Flow Index at 43.63 is below 50, confirming that capital is flowing out. Without volume confirmation, the 18.8% drop may lack staying power.

Price action from peak to trough shows sustained pressure

TONUSD opened at $1.65 and fell to a low of $1.33, a $0.32 intraday range. The year-to-date loss stands at 19.1%, with the coin down 57.1% over the past 12 months from its $3.74 peak. The 50-day moving average at $1.86 is now $0.52 above price, a steep bearish slope. Recovery would require price to reclaim $1.50 to ease the short-term downtrend.

Final Thoughts

TONUSD’s 18.8% crash reflects sustained selling pressure, but oversold Stochastic readings and low volume suggest the move may lack follow-through. Meyka’s forecasts project further downside, but the technical setup leaves room for a bounce if buyers step in near the $1.29 support level.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.