Toncoin/Tether Market Overview: Mixed Momentum and Key Levels in Focus

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Saturday, Nov 8, 2025 3:40 pm ET1min read
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- TONUSDT traded $2.038–$2.142, closing near $2.092 with key support at $2.075–$2.085 and resistance at $2.100–$2.120.

- Momentum dipped after a morning rally, showing mixed buyer/seller control and notable volume spikes around key swings.

- A bullish breakout could target $2.130–$2.150, while breakdown risks $2.060–$2.045, supported by Fibonacci levels at $2.109 and $2.087.

- Technical indicators showed a bullish engulfing pattern and a doji near $2.100, but 50SMA remained above 100SMA, suggesting short-term bullish bias.

- RSI-based backtest data is unavailable due to a source error, delaying evaluation of overbought/oversold performance since 2022.

Summary
• Toncoin/Tether (TONUSDT) traded in a 24-hour range of $2.038–$2.142 with a final close near $2.092.
• Key support tested at $2.075–$2.085, while resistance held around $2.100–$2.120.
•

Momentum
dipped after a morning rally, showing mixed buyer and seller control.
• Notable volume spikes occurred around key price swings, suggesting active participation.
• A bullish breakout could target $2.130–$2.150, but bearish breakdown risks $2.060–$2.045.

Toncoin/Tether (TONUSDT) opened at $2.045 on 2025-11-07 at 12:00 ET and closed at $2.092 on 2025-11-08 at 12:00 ET, with a high of $2.142 and a low of $2.038 over the 24-hour period. The pair traded with a total volume of 4,676,686.84 TON and a notional turnover of $9.80 million, indicating moderate liquidity and active participation during the session.

Structurally, TONUSDT formed a wide ranging channel, with notable support at $2.075–$2.085 and resistance at $2.100–$2.120. A bullish engulfing pattern emerged around $2.110–$2.120, but it was quickly retraced, suggesting mixed sentiment. A doji formed near $2.100, signaling indecision. The 15-minute 20SMA crossed the 50SMA, and the 50SMA remained above the 100SMA on the daily chart, indicating a potential short-term bullish bias but a more neutral longer-term stance.

Momentum, as seen on the RSI and MACD, showed a temporary overbought spike during the morning rally but has since cooled into neutral territory. This suggests that while buyers attempted to push the pair higher, they faced resistance and failed to consolidate above key levels. The MACD histogram turned negative in the afternoon, reinforcing bearish pressure. Volatility expanded during the breakout attempt, with Bollinger Bands widening and price bouncing between the lower and upper bands.

Volume and turnover aligned with key price swings, showing concentrated buying near $2.080–$2.100 and selling pressure near $2.120–$2.140. However, a divergence between price and turnover emerged during the final hours, as the pair pulled back without a significant drop in turnover. This could indicate lingering support or a potential base for a rebound. Fibonacci retracement levels at 38.2% ($2.109) and 61.8% ($2.087) coincided with key support/resistance, reinforcing their relevance.

Backtest Hypothesis
The RSI-based backtest strategy relies on clear overbought (RSI > 70) and oversold (RSI < 30) signals for trade entries and exits. However, due to an internal error in the data source, we currently cannot access historical RSI data for TONUSDT. Once the correct ticker is identified (e.g., BINANCE:TONUSDT), the backtest can proceed to evaluate performance from 2022-01-01 to 2025-11-08. This would provide insight into how the pair reacts to overbought/oversold conditions in both bullish and bearish cycles.