Toncoin's price pushed into overbought conditions at $2.54, a level that historically signals a near-term retreat. Technical indicators now point to a 10-15% correction that could drag the token back toward the $2.20 support zone before any renewed rally.
Overbought signals and the $2.54 level
The $2.54 mark marks a clear overbought threshold for Toncoin. When an asset reaches such territory, traders often expect a cooling-off period. The current setup suggests sellers may step in soon, putting downward pressure on price. The move to $2.54 followed a steady climb, but momentum appears stretched.
The expected correction to $2.20
If the pullback materializes, analysts project a drop to $2.20. That represents a roughly 13% decline from the recent high. The $2.20 level has acted as support in the past, making it a logical target for a retest. A move that deep would wipe out gains from the latest leg up, but it wouldn't break the broader uptrend.
Targeting $3.00 by early 2025
Following the anticipated correction, the same technical analysis points to a recovery that could push Toncoin to $3.00 by early 2025. That would mark a new high and a roughly 18% gain from current levels. The path, however, depends on whether the pullback actually happens and how deep it goes. If buyers step in at $2.20, the stage could be set for a run toward $3.00.
For now, traders are watching whether Toncoin can hold above $2.54 or if selling pressure will force the retreat. The next few days will likely determine whether the correction plays out as expected.
