Ah, Toncoin… What a tale of woe we have here. On October 23, a mighty $80 million worth of tokens is set to be unlocked. The burning question: Can the TON price survive this nightmare or will it continue its tragic tumble?
- After a brief attempt at redemption, TON failed to reclaim the $2.50 zone following its October 10 crash from $2.74 to $0.54-talk about a rollercoaster!
- The looming $80 million unlock could very well push TON toward the abyss, potentially plummeting to $1.83 or even as low as $1.50. Strap in!
Ah, the drama continues. Toncoin recently broke below its beloved support level of $2.50-$2.55-goodbye, old friend. This was no ordinary fall; it came after a catastrophic liquidation event on October 10 that wiped $19 billion off the crypto market. In a tragic 80% crash, TON plunged from $2.74 to a pitiful $0.54 before putting on its best act and bouncing back like nothing happened. The crowd goes wild… or not.
Since then, the market’s been treading water. A quick technical recovery was all it was, and now Toncoin is struggling to maintain any semblance of upward momentum. As we speak, TON sits precariously at $2.19, with its former $2.50 support now acting as a stubborn wall of resistance.
The Post-Unlock Fiasco
The $80 million token release is scheduled for October 23, and oh, the drama it promises. Sadly, TON’s chances of turning that dreaded $2.50 resistance into a new support are slimmer than a crypto trader’s optimism in a bear market. The RSI, which is barely clinging to life below a downward trendline since July, continues to tell the grim tale of lower highs, suggesting no hope for a bullish rebound. Right now, it’s hanging around 35-basically a crypto version of “meh.”
If there’s no uptick in buying interest, TON could easily reject the $2.50 resistance and spiral downward to the next Fibonacci support at $1.83. Should that level fail to hold, brace yourselves. A further fall to $1.50 is entirely within the realm of possibility. In the end, who said crypto wasn’t a good source of entertainment? 📉🤷♂️
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2025-10-21 13:47