TON Strategy: Bollinger Bands Downward Expansion, Bearish Marubozu on 15min Chart

TON Strategy's 15-minute chart has recently exhibited a bearish trend, as indicated by the expanding downward Bollinger Bands and the presence of a bearish Marubozu at 10:15 on October 16, 2025. This suggests that market sentiment is currently being driven by selling pressure, with sellers exerting a dominant influence over market dynamics. As a result, it is likely that bearish momentum will continue to prevail in the near term.

Ton Strategy Co (NASDAQ: TONX) has faced a significant setback after receiving a notice from the Nasdaq Stock Market regarding noncompliance with shareholder approval requirements. The company, currently trading at $5.56 and down 19% in the past week, was notified on October 9, 2025, that it 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 https://au.investing.com/news/sec-filings/ton-strategy-receives-nasdaq-notice-for-noncompliance-with-shareholder-approval-rule-93CH-4056682.

According to the Nasdaq notice, 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. The company stated that it believed, based on outside adviser guidance at the time, that it had complied with the rule. Nasdaq's letter does not have an immediate effect on Ton Strategy's continued listing on the exchange, provided it continues to meet other listing requirements. Ton Strategy has 45 calendar days to submit a plan to regain compliance, with a potential extension of up to 180 days if accepted, the report adds.

Market sentiment for Ton Strategy has been bearish, as indicated by the expanding downward Bollinger Bands and the presence of a bearish Marubozu at 10:15 on October 16, 2025. This suggests that market sentiment is currently being driven by selling pressure, with sellers exerting a dominant influence over market dynamics. As a result, it is likely that bearish momentum will continue to prevail in the near term.

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's treasury asset value per share is $11.90, and it has confirmed the engagement of Cantor Fitzgerald & Co. as its non-exclusive buyback agent, according to the Investing.com report.

Despite these strategic moves, the company's stock has shown significant volatility, with its price ranging from $3.81 to $29.77 over the past 52 weeks. Ton Strategy's recent developments, including the availability of Toncoin for trading on platforms such as Gemini, Robinhood, and Zengo, may not be sufficient to reverse the current bearish trend, the report notes.