Toncoin USD Drops 22.7% to $1.36 as Selling Pressure Intensifies

Toncoin USD crashed 22.7% to $1.3558 in the past 24 hours, erasing $0.40 from its previous close of $1.75364. No single news event explains the sharp selloff. The move reflects broad selling pressure across the token, with volume running 46% below the 30-day average at 127.5 million, suggesting thin liquidity amplified the decline.

Why the 22% drop matters for traders

The drop from $1.75 to $1.36 in one day is severe. TONUSD is now trading 63.8% below its year high of $3.74, set earlier in 2026. The token sits below its 50-day average of $1.86 and 200-day average of $1.55, signaling a shift to downtrend conditions. Market cap fell to $3.29 billion from prior levels.

Technical picture shows mixed signals with weakness ahead

RSI at 43 sits in neutral territory, neither overbought nor oversold, but the MACD histogram at 0.01 is barely positive and the signal line at -0.03 remains negative, suggesting momentum is fading. ADX at 20.97 is below 25, meaning the downtrend lacks conviction. Price at $1.3558 sits well below the upper Bollinger Band at $1.47 and above the lower band at $1.29, indicating room to fall before hitting support.

Forecast data points to further near-term decline

Meyka’s one-month forecast is $1.14, implying a 15.9% drop from current levels. The 12-month forecast of $0.02 suggests extreme downside risk, though such long-term predictions carry high uncertainty. The quarterly forecast of $1.90 implies a rebound, but sits well above near-term targets. Forecasts may change due to market conditions, regulations, or unexpected events.

Volume and momentum confirm selling dominance

Trading volume of 127.5 million is 46% below the 30-day average of 276.6 million, yet price fell sharply, indicating conviction among sellers. The Commodity Channel Index at 129.33 signals overbought conditions on a momentum basis, though CCI overbought readings can persist in strong trends. Williams %R at -85.54 shows price near the 52-week low, reinforcing downside pressure.

Final Thoughts

TONUSD’s 22.7% drop reflects sustained selling with weak technical support. With RSI neutral, MACD fading, and price below both key moving averages, the data points to further downside risk in the near term. Traders should watch the $1.29 lower Bollinger Band as the next 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.