Is It a Good Time to Buy Toncoin?

!TONMay.1
Toncoin has come under renewed pressure on the 4-hour timeframe after failing to hold recent highs, with price sliding back toward a previously defended support area. The move lower has brought TON into a technically sensitive zone, where past demand has emerged and short-term momentum may begin to reassess. This places focus on whether the current decline is developing into another leg lower or transitioning into a stabilization phase as the market gauges nearby liquidity and resistance levels.

Toncoin technical analysis

TON 15.12

TONUSD - 4 Hour Time Frame

On the 4-hour chart, Toncoin is currently trading around the 1.49 level, above a key support area. This zone has previously acted as a demand base, with multiple reactions visible on the chart, adding technical relevance to the level. The presence of a broader support box around this area suggests buyers may be attempting to absorb selling pressure rather than allowing an immediate continuation lower.

Above current price, a buy-side liquidity zone around 1.55–1.56 stands out. This area aligns with recent minor highs and represents the first upside level where price may be drawn if stabilization continues. Just above that, an S/R level near 1.60, marked with a dotted line, highlights a structurally important zone. This level has acted as resistance in recent sessions but could transition into support if price manages to reclaim it, making it a key area to watch for short-term directional cues.

Further overhead, a higher liquidity zone between roughly 1.66 and 1.70 is visible. This zone sits just below a major resistance level at 1.70, which has capped upside attempts on multiple occasions. The clustering of liquidity and resistance in this region suggests that even if price recovers, reactions are likely before any sustained move higher can be assessed.

Overall, Toncoin remains in a corrective structure on this timeframe, but the return to a historically relevant support area indicates that downside momentum may be slowing, keeping attention on whether a base can form.

Toncoin price target

From a short-term perspective, holding above the 1.48 support area remains critical. As long as this level is maintained, Toncoin may attempt a rebound toward the 1.55–1.56 buy-side liquidity zone. A sustained move above this area could allow price to test the 1.60 S/R level, where acceptance or rejection would likely determine the next phase.

If bullish momentum strengthens further, the 1.66–1.70 liquidity and resistance area becomes the next upside region to monitor, with the 1.70 level acting as a major structural cap. On the downside, a clear loss of 1.48 could reopen the path for renewed selling pressure, prompting the market to search for lower demand.

These levels highlight areas of technical interest rather than certainty. Current price action suggests a cautious environment, with Toncoin testing established support while the market evaluates whether sufficient demand can emerge to challenge nearby liquidity and resistance zones.

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