Market Overview for Toncoin/Tether (TONUSDT) – 2026-01-02

Summary
• TONUSDT formed bullish engulfing and continuation patterns during key 5-minute swings.
• Price surged above prior resistance at 1.700–1.710, now consolidating near 1.770–1.780.
• RSI and MACD signaled overbought conditions, suggesting potential pullback.
• Volume and turnover spiked sharply after 16:30 ET, confirming bullish momentum.
• Bollinger Bands show expanding volatility, with price near the upper band in late hours.

At 12:00 ET on January 1, Toncoin/Tether (TONUSDT) opened at 1.681, traded as low as 1.667 and as high as 1.826, closing at 1.816 by 12:00 ET. Total 24-hour volume reached 11,397,989.82 USDT, with notional turnover of 19,466,497.48 USD.

Structure & Key Levels

Price developed a bullish continuation pattern around 1.680–1.700 before breaking out decisively. A 5-minute bullish engulfing pattern at 17:00 ET and a higher high at 1.780–1.826 reinforced the upward bias. Resistance may emerge around 1.780–1.820, while support appears near 1.750–1.760 and 1.710–1.730.

Momentum and Volatility

MACD crossed into positive territory, and RSI hit overbought levels above 70 by 16:30 ET, suggesting a possible near-term correction. Bollinger Bands showed a significant expansion during the late ET hours, with price near the upper band at 1.826, indicating heightened volatility.

Volume and Turnover Confirmation

Volume and turnover surged sharply during the 16:30–17:00 ET session, confirming the bullish breakout from 1.770. No divergence between price and volume was observed, reinforcing the strength of the move.

Technical Outlook and Risk

The pair appears to have entered a strong bullish phase, with momentum intact. A consolidation phase or retracement near 1.750–1.760 may occur before a potential test of 1.830–1.850. Traders should monitor for a break below 1.750 as a warning sign of waning momentum.