Toncoin (TONUSD) declined in its latest intraday trading, as continued negative pressure from trading below the 50-day simple moving average reinforces the strength and dominance of the main bearish trend, with the price moving along a short-term downward sloping line. However, we note the beginning of bullish signals emerging on the RSI after reaching oversold levels, which could temporarily limit further downside movement in the near term.

Therefore, we expect the cryptocurrency to fall in upcoming trading sessions, as long as resistance holds at 2.8778, targeting the key support level of 2.6126.

Todays price forecast: Bearish.