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TON Price Prediction: Dead Cat Bounce Risk at $1.60 — Bears Control the Chart

July 18, 202606:01 AM
TON Price Prediction: Dead Cat Bounce Risk at $1.60 — Bears Control the Chart

Toncoin (TON) is currently gridlocked at the $1.60 level, struggling against a formidable wall of stacked moving average resistance. The market momentum has flatlined, creating a high-risk environment where an overloaded long side in the futures market threatens a massive liquidation cascade.

Technical indicators suggest that the asset is facing a potential 'dead cat' scenario unless buyers can regain control. The bears will continue to dominate the price action until bulls successfully crack the $1.63 resistance level, which remains the key threshold for a bullish reversal.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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