Toncoin USD Crashes 23% to $1.35 as Sellers Dominate

Toncoin USD fell 23% in 24 hours to $1.3501, erasing $0.40 per token as sellers overwhelmed the market. No single news event explains the move. The sharp decline pushed the token to its lowest point since June, with trading volume at 127.5 million, only 46% of the 30-day average. Technical indicators now show deeply oversold conditions.

Why TONUSD fell 23% overnight

The crash wiped out $0.40 from the opening price of $1.75364. TONUSD fell from its day high of $1.75934 to a low of $1.3488, a swing of 23% in a single session. Volume dropped to 127.5 million tokens, 46% below the 276.6 million daily average, suggesting weak conviction behind the selling but enough pressure to trigger stops.

Technical signals point to oversold territory

The RSI stands at 36.87, below the 30 oversold threshold, indicating extreme selling pressure. Price now sits just above the lower Bollinger Band at $1.32, a key support level. The MACD histogram is flat at 0.00 with both lines at -0.07, showing momentum has stalled. The ADX at 20.65 is below 25, meaning the downtrend lacks strong directional conviction despite the sharp move.

Meyka forecasts suggest further downside risk

The 1-month forecast is $1.32, only 2.2% below current price and near the lower Bollinger Band support. The 12-month forecast drops to $0.128, implying a 90.5% decline from today’s level. This extreme long-term projection reflects the token’s 59.6% loss over the past year and 50.3% drop in the last three months.

Volume and momentum divergence signals caution

The Money Flow Index at 43.41 sits below 50, confirming weak buying pressure. The Commodity Channel Index at -91.98 is deeply negative, reinforcing oversold conditions. However, the Stochastic %K at 31.10 and Williams %R at -73.40 both suggest the selling may be nearing exhaustion, though no reversal is guaranteed.

Final Thoughts

TONUSD’s 23% crash has pushed the token into oversold territory, with RSI below 30 and price near the lower Bollinger Band. The weak volume and flat MACD suggest the move lacks strong follow-through, but the 12-month forecast of $0.128 reflects deep structural weakness in the token’s longer-term outlook.

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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.