Crypto traders are keeping a close eye on Toncoin (TON) as its price movements attract interest. Trader Matthew Dixon tweeted about what he sees as a buying opportunity, pointing to signals of a potential upward shift.
TON’s price could be ready for a comeback, according to Dixon’s technical analysis. Traders are watching key resistance levels that, if broken, would signal the start of a bullish trend.
Since early February, TON has been on a downward slide, falling from about $5.80 to under $3.50, with each peak lower than the last—a classic sign of strong selling pressure that has worried investors.
This is a serious OPPORTUNITY for #Crypto buyers.#TON is just one example of a major rally waiting in the wings imo.
— Matthew Dixon – Veteran Financial Trader (@mdtrade) February 25, 2025
DCA is the way to build positions and now is the time! pic.twitter.com/qtQRIvyDzg
Dixon believes the price may have found its floor in the $3.20-$3.30 range, an area that has provided support in the past. If this holds true, TON might finally be poised to reverse its recent fortunes. Buyers have shown interest in this zone, hinting at possible accumulation.
At press time, Toncoin’s price stands at $3.41, according to CoinGecko. A key resistance zone has emerged at $3.80-$4.00, where sustained buying pressure could trigger a breakout. If TON surpasses this level, the next targets could be between $4.60 and $5.00.
Read also: Is Bittensor (TAO) Price About to Go Parabolic? Here’s What the Experts Are Saying
TON Technical Indicators and Market Sentiment
Dixon’s chart analysis highlights the RSI in the four-hour timeframe. The RSI, recently recovering from oversold territory around 36, indicates that selling pressure may be weakening. This aligns with a potential accumulation phase, reinforcing the possibility of an upward trend.
The daily trading volume remains strong at $299 million, showing active participation. Despite an 8.89% decline in the past day, some traders view this as a strategic entry point. Market sentiment appears bullish in the long term, with many considering a Dollar-Cost Averaging approach to build positions gradually.
For traders monitoring TON, the $3.80-$4.00 range remains a crucial level. A sustained move above this zone could confirm bullish momentum, potentially pushing the price toward $4.60-$5.00. Conversely, if $3.20 fails to hold as support, another downward move could precede any significant recovery.
Dixon’s insights suggest that long-term investors may benefit from gradual accumulation at current levels. With increasing market activity and improving technical indicators, Toncoin could be gearing up for its next upward move.
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