Toncoin is trading below all major moving averages, with bearish momentum pushing the cryptocurrency toward a key support level. Market data shows a 70% probability that Toncoin will test the $1.58 mark within the next 72 hours. If that level holds, a recovery to $1.80 is expected.
Current Price Action Below Key Averages
Toncoin's price has slipped under its 50-day, 100-day, and 200-day moving averages — a technical pattern that typically signals continued selling pressure. The asset has not managed to close above any of these benchmarks in recent sessions, suggesting sellers remain in control. Trading volumes have been elevated, adding weight to the bearish case.
Support Level at $1.58 in Focus
The $1.58 support zone is now the immediate target for bears. A 70% probability of reaching it within three days reflects strong downward momentum. This level has historically acted as a floor; a break below it could open the door to further losses. However, the data also indicates a high likelihood that the price will bounce from $1.58 rather than break through it.
Potential Recovery to $1.80 After Test
Should Toncoin hit $1.58 and hold, analysts expect a rebound toward $1.80. That target represents a roughly 14% gain from the support level and would bring the token back above some shorter-term moving averages. The recovery projection is based on typical price action patterns after a successful retest of a support level. No specific timeline is given for the bounce, but the same 72-hour window used for the downside test applies.
For now, traders are watching the $1.58 line closely. The next three days will determine whether that support holds or breaks — and with it, the near-term direction for Toncoin.
