TON Strategy's MACD Death Cross, Bollinger Bands Expand Downward on 15min Chart

The 15-minute chart of TON Strategy has recently triggered a MACD Death Cross and Bollinger Bands are expanding downward, as of October 15, 2025, 10:45. This suggests that the stock price has the potential to continue declining and that the market trend is currently being driven by selling pressure.

Ton Strategy Co. (NASDAQ: TONX) has recently encountered a significant regulatory challenge as it received a notice from the Nasdaq Stock Market regarding noncompliance with shareholder approval requirements. The company, currently trading at $5.56 and down 19% over the past week, was notified by Nasdaq’s Listing Qualifications Department on October 9, 2025, that it had failed to comply with Nasdaq Listing Rule 5635(b) following a private investment in public equity (PIPE) financing completed on August 7, 2025, according to an Investing.com report.

According to the company’s press release, the PIPE financing was conducted under a subscription agreement dated August 3, 2025, involving certain subsidiaries and investors. On the closing date, Ton Strategy underwent significant changes in its senior management and Board of Directors, including the appointment of a new Executive Chairman. The company maintains a strong liquidity position with a current ratio of 3.34 and operates with minimal debt, the report said.

Nasdaq’s letter states that Ton Strategy was required to obtain shareholder approval before issuing shares in the PIPE financing, which resulted in a change of control, but did not do so. Ton Strategy said it believed, based on outside adviser guidance at the time, that it had complied with the rule. The company reported that the Nasdaq notice does not have an immediate effect on its continued listing on the exchange, provided it continues to meet other listing requirements, the report noted.

Under Nasdaq rules, Ton Strategy has 45 calendar days to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension of up to 180 days from the date of the notice to demonstrate compliance. Ton Strategy stated it is evaluating its options and intends to submit a compliance plan within the required period. There is no assurance that Nasdaq will accept the plan or that the company will regain compliance, the report added.

Adding to the company's challenges, recent technical indicators suggest a potential downward trend in the stock price. As of October 15, 2025, 10:45, the 15-minute chart of TON Strategy has triggered a MACD Death Cross and Bollinger Bands are expanding downward, indicating that the stock price has the potential to continue declining and that the market trend is currently being driven by selling pressure.

In other recent news, TON Strategy Company has been actively engaging in its $250 million share repurchase program, having already repurchased over 1,505,500 shares. The company has staked 82% of its Toncoin reserves, estimating it could generate approximately $24 million in annualized staking revenues once all holdings are staked. Additionally, the company reported its treasury asset value per share at $11.90 and confirmed the engagement of Cantor Fitzgerald & Co. as its non-exclusive buyback agent, the report said.

These strategic moves reflect TON Strategy Company’s ongoing efforts to strengthen its financial position and expand its influence in the digital asset space. However, the regulatory compliance issue and market indicators of decline pose significant challenges for the company's future prospects.