The Toncoin token has registered a slight increase of 1.6% in the last 24 hours, reaching 1.64 dollars, although its performance remains below the general market which rose nearly 3%. According to data analyzed by CD Analytics, the current TON price consolidation reflects evident caution among investors, who seem to be waiting for macroeconomic definitions before taking aggressive positions. Likewise, trading volume fell 6.91% regarding the weekly average, signaling weak participation from both retail and institutions during this session.
On the other hand, technical indicators suggest that the asset is in a slow base-building phase, unable to convincingly overcome immediate resistances present on the chart. During the intraday session, the price oscillated between 1.61 and 1.64 dollars, briefly attempting to break the 1.66 dollar barrier without success due to the lack of sustained buying momentum. Thus, the token remains trapped in a narrow range, respecting the psychological support of 1.60 dollars that it has defended for several consecutive days against uncertainty.
Can the Fed Announcement Break the Token’s Current Sideways Trend Today?
The context of this timid behavior is framed in a waiting environment, where traders closely watch the US Federal Reserve’s interest rate decision. Although the ecosystem has seen recent advances, such as the launch of Cocoon and the ston.fi DAO for DeFi users, these fundamental milestones have not managed to trigger an immediate bullish breakout. Consequently, the lack of a strong internal catalyst leaves the asset at the mercy of global macroeconomic trends that will dictate risk sentiment this week.
Furthermore, the implications for the market are clear: an aggressive or “hawkish” tone from the Fed could limit any recovery attempt, maintaining pressure on risk assets. If buying volume does not increase significantly following the announcement, it is likely that the TON price consolidation will persist, trapping the asset between the 1.60 support and 1.69 dollar resistance. However, a positive surprise could inject the necessary liquidity for bulls to regain control and seek higher levels in the short term.
Finally, the future outlook will depend entirely on the market’s reaction to today’s economic news and the token’s ability to attract new speculative capital. If it manages to maintain the higher lows formed around 1.61 dollars, it could lay the groundwork for a more robust and sustained movement in the coming days. Nevertheless, traders must act with prudence, as volatility could increase drastically, invalidating current technical structures and forcing an immediate reevaluation of strategies.
