Toncoin Tumble: Is the $2 Downward Spiral About to End? Market Fears Escalate

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Will <a href="https://tech-oracle.com/ton-usd/">Toncoin</a> price drop under $2 as bearish crossover nears confirmation?

After a significant price increase earlier this month that reached a multi-week high, Toncoin’s price has recently dropped considerably.

Summary

  • Toncoin price fell toward the key $2 support zone after failing to sustain momentum near the recent $2.90 local high.
  • A bearish MACD crossover approached confirmation as TON traded within a descending channel pattern on the daily chart.
  • Weakening ecosystem activity and fading post-rally momentum raised the risk of a deeper correction toward the $1.80 region.

Toncoin (TON) recently experienced a price dip, falling to about $2.16 as of May 13, according to crypto.news. This came after a brief surge that saw the token reach $2.90. Even with this decrease, Toncoin is still trading significantly higher than its low point in April, which was around $1.20.

The recent price increase happened because investors are feeling more optimistic about the TON network. This shift in sentiment followed a resurgence in activity on crypto apps connected to Telegram, along with a general rise in trading of assets built on TON. Expectations of closer connections between Telegram and blockchain technology also contributed to this positive trend earlier in the month.

Recent price declines hint that the strong upward trend might be losing steam after the recent rapid increase. It seems traders are starting to sell their holdings to realize profits, as TON has had trouble maintaining its upward movement near the $2.80–$2.90 resistance level.

While the recent launch of NOT Coin generated excitement, overall activity on the TON blockchain is still lower than it was at its most popular point last year. People aren’t fully back to using decentralized finance applications on TON, and many gaming tokens and ‘tap-to-earn’ projects built on TON are still trading well below their previous peak values.

Trading activity and overall optimism surrounding TON have begun to decrease following its recent price increase. Traders are now more careful as TON nears a crucial level that could indicate where its price will go next.

Toncoin’s price has recently risen sharply, going from under $1.40 to almost $2.90. Now, it seems to be pausing in a pattern that could signal continued upward movement – a possible ‘bull flag’.

Bull flags usually appear after a significant price increase, suggesting a brief pause before the price potentially continues to rise. They’re seen as a sign that the upward trend might continue after a short period of stability.

TON is still trading above the important $2 level, indicating that buyers are working to maintain the recent upward trend, even with a slight slowdown.

However, signs are emerging that the recent upward trend is losing steam. The MACD is showing weakening momentum, with its histogram decreasing and the lines potentially crossing in a way that suggests a further slowdown before a significant price change occurs.

If the price goes above $2.30, the token could rise again, potentially reaching its recent high of around $2.90. Breaking through that level might then lead to a move towards the $3 mark.

If the price falls below $2, it could mean our optimistic outlook is wrong and the price might drop further, potentially down to around $1.80.

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2026-05-13 17:56