Key Points
TONUSD fell 13.3% to $1.43 in 24 hours, the largest move in its mid-cap group.
ADX at 27.9 confirms a strong downtrend with price below both 50-day and 200-day averages.
Volume dropped to 46% of average, showing weak participation in the sell-off.
Meyka forecasts $0.74 in one month and $0.25 in 12 months, signaling sustained downward pressure.
Toncoin USD fell 13.3% to $1.43 in 24 hours, marking one of the largest moves among mid-cap cryptocurrencies today. The coin dropped from an open of $1.65 to a low of $1.43, erasing $0.22 per token. No single news event explains the decline; the move reflects broader selling pressure in the market.
Why TONUSD broke below key support levels
TONUSD closed at $1.43, well below its 50-day moving average of $1.86 and its 200-day average of $1.55. The coin’s day high of $1.67 failed to hold, signaling weak buying interest. Volume fell to 127.5 million tokens, 46% of the 30-day average, suggesting sellers moved the price with lighter participation than normal.
Technical indicators confirm the downtrend strength
The ADX stands at 27.9, indicating a strong downtrend in place. RSI at 49.2 sits in neutral territory, neither overbought nor oversold, but the MACD histogram at zero shows momentum has stalled. Price trades below the Bollinger Band middle line of $1.44, with support at the lower band of $1.28 now in focus.
What Meyka’s forecasts show for the next 12 months
Meyka’s 1-month forecast is $0.74, implying a 48.3% further decline from current levels. The 12-month forecast stands at $0.25, suggesting an 82.7% drop over the year. These projections reflect sustained downward pressure if current market conditions persist. Forecasts may change due to market conditions, regulations, or unexpected events.
Volume and momentum paint a bearish picture
The Money Flow Index at 53.0 shows neutral sentiment, but the negative On-Balance Volume of -576.9 million indicates more selling volume than buying. The Relative Strength Index at 49.2 offers no oversold bounce signal yet. Williams %R at -73.5 suggests price is near its recent low, but without reversal confirmation from other indicators.
Final Thoughts
TONUSD’s 13.3% drop reflects a shift into a strong downtrend, with price now testing support below its major moving averages. The ADX reading and negative OBV confirm selling momentum, though RSI remains neutral. Traders watching this coin should monitor the $1.28 support level closely.
FAQs
TONUSD fell 13.3% to $1.43 in 24 hours with no single news event. Broader selling pressure and weak volume drove the decline below key moving averages.
ADX at 27.9 signals a strong downtrend is in place. Readings above 25 indicate a confirmed directional move, in this case downward.
The Bollinger Band lower level at $1.28 is the next key support. Price closed at $1.43, leaving 10.5% downside to that level.
Meyka forecasts $0.74 in one month and $0.25 in 12 months, implying 48% and 83% declines respectively from current price.
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.
About Author
Danny Kontos
Co FounderDanny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.
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