{"id":29226,"date":"2026-05-13T07:09:02","date_gmt":"2026-05-13T06:09:02","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=29226"},"modified":"2026-05-13T07:09:05","modified_gmt":"2026-05-13T06:09:05","slug":"toncoin-price-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/toncoin-price-analysis\/","title":{"rendered":"Toncoin (TON) plummets 15%: Where does the price go from here?"},"content":{"rendered":"\n

A spectacular rally followed by a brutal purge<\/h2>\n\n\n\n

Toncoin has made an explosive move in recent weeks. The Telegram<\/strong> token reached a local top at $2.90<\/strong> on May 7<\/strong>, propelled by a series of powerful fundamental catalysts. This rally took the market by surprise, liquidating nearly $29 million<\/strong> in short positions in just two days. The sheer force of the bullish movement made a correction all the more likely.<\/p>\n\n\n\n

The reversal came quickly. TON<\/a><\/strong> is now trading between $2.30<\/strong> and $2.35<\/strong>, representing a drop of over 15%<\/strong> from its peak. Selling pressure intensified after the price breached and then lost the 161.8%<\/strong> Fibonacci extension at $2.46<\/strong>. This level, often used as a profit taking zone by experienced traders, played its role as resistance to perfection.<\/p>\n\n\n\n

The fundamentals, although solid, were not enough to contain the pressure. The network absorbed a massive token unlock<\/strong> of $103 million<\/strong> without collapsing, which demonstrates real resilience. Telegram<\/strong> was also confirmed as the main network validator replacing the TON Foundation<\/strong>. These positive elements remain in place, but the market is digesting the excess leverage accumulated during the rally.<\/p>\n\n\n\n

\"Daily<\/figure>\n\n\n\n

Why this correction was inevitable<\/h2>\n\n\n\n

The technical analysis on TON<\/strong> sent clear warning signals before the reversal. The RSI had reached multi month levels in the extreme overbought<\/strong> zone, a classic signal of exhausted buying momentum. When the MACD begins to diverge negatively after such an excess, a correction becomes a matter of timing rather than probability. Traders following the Bollinger bands had also noted an extreme expansion of the bands, a usual precursor to mean reversion.<\/p>\n\n\n\n

The macro context amplifies the bearish pressure. Bitcoin<\/a> is oscillating around $80,000<\/strong> in an ambiguous technical structure. If BTC<\/strong> confirms a bear market setup on higher timeframes, altcoins like TON<\/strong> will be the first to suffer the consequences. The correlation between Bitcoin<\/strong> and tier two cryptocurrencies remains very high during periods of macro uncertainty.<\/p>\n\n\n\n

Trading volumes confirm this diagnosis. The slowdown in trading observed since the May 7<\/strong> peak indicates that buyers have not yet returned in force. Without a volume recovery, any technical bounce remains fragile and suspect. Fans of day trading and scalping are currently navigating a minefield, with frequent fakeouts in this post peak consolidation phase.<\/p>\n\n\n\n

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Toncoin, after reaching a high of $2.90, has corrected by 15%, potentially signaling a deeper pullback due to Bitcoin's uncertainty. Meanwhile, Bitcoin is eyeing $90,000 as inflation is priced in and the CLARITY Act looms, according to 21Shares analyst Matt Mena.<\/p>— Friday\ud83d\udd31Maxi (@MaxiOrdinals) May 12, 2026<\/a><\/blockquote>