The Open Network's native token, TON, is trading at $1.60 as of Wednesday, with technical indicators pointing to a potential slide toward the $1.52–$1.55 range. The token's price sits below both its 20-day and 50-day moving averages, while the MACD momentum indicator has gone completely flat — a pattern that often precedes a sharp move lower.
Why the MACD Flatline Matters
The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. When it flattens, it signals that buying and selling pressure are in near-perfect balance. In TON's case, that balance has held for several sessions, but the token's failure to reclaim either moving average suggests sellers remain in control. Analysts tracking the setup now assign a 55–60% probability of a flush to the $1.52–$1.55 zone — roughly 5% below current levels.
Technical Levels to Watch
The 20-day moving average sits above the 50-day moving average, a bearish configuration known as a “death cross” when the shorter average crosses below the longer one. TON has already crossed below both, and the flat MACD indicates no immediate catalyst for a reversal. If the $1.55 support fails, the next floor is $1.52, a level that held during a brief dip last month. A break below that could open the door to further losses, though the facts do not specify targets beyond that range.
The immediate question is whether TON can hold the $1.55–$1.60 zone. Traders are watching for a MACD crossover or a volume spike that could signal a change in momentum. Without that, the probability-weighted path points lower. The next few trading sessions will be critical: if the token fails to bounce from the $1.55 area, the flush scenario becomes the base case. No official statements from the TON Foundation or related parties have been released regarding the price action.
