Toncoin faces an $80 million token unlock on October 23. Can the TON price withstand the pressure? Toncoin (TON) price has recently broken below a critical support level at $2.50-$2.55, which is aligned with the 0.618 Fib, a zone that…Toncoin faces an $80 million token unlock on October 23. Can the TON price withstand the pressure? Toncoin (TON) price has recently broken below a critical support level at $2.50-$2.55, which is aligned with the 0.618 Fib, a zone that…

Toncoin braces for $80M token unlock this week: will TON price crash further?

Toncoin faces an $80 million token unlock on October 23. Can the TON price withstand the pressure?

Summary
  • TON price failed to reclaim the $2.50 zone after rebounding from the flash crash to $0.54 on October 10, with the level now acting as major resistance.
  • With an $80 million unlock on October 23, TON risks a drop toward $1.83 or even $1.50 if selling pressure intensifies.

Toncoin (TON) price has recently broken below a critical support level at $2.50-$2.55, which is aligned with the 0.618 Fib, a zone that had held firm for months. The breakdown occurred on October 10, coinciding with a massive market liquidation event that wiped out nearly $19 billion in leveraged positions across the crypto market. During that session, TON price plunged from an opening price of $2.74 to as low as $0.54, marking an 80% intraday crash before quickly recovering.

Following the liquidation cascade, TON price staged a brief technical rebound, but momentum has since faded. TON is now consolidating above the new short-term support around $2.00, trading at $2.19 at press time. The former support at $2.50 has now flipped into major resistance.

Toncoin braces for $80M token unlock this week: will TON price crash further? - 1

TON price post-unlock outlook

With an $80 million unlock set for October 23, TON’s chances of reclaiming that resistance as support are not looking good. The RSI continues to track below its long-term descending trendline that began in late July. Each rally attempt since then has resulted in a lower RSI high, signaling that momentum remains firmly in bearish territory. At present, RSI sits near 35, showing weak recovery and limited buying conviction.

If buying pressure fails to strengthen, a rejection near the $2.50 resistance zone could trigger a renewed decline toward the next Fibonacci support around $1.83. A break below that level would further confirm the bearish continuation pattern, potentially setting the stage for a deeper retracement toward the $1.50 region.

Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.004106
$0.004106$0.004106
-1.77%
USD
TokenFi (TOKEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Top 4 Tokens Turning IP Rights Into Investable Assets

Top 4 Tokens Turning IP Rights Into Investable Assets

IP tokenization opens royalties to investors as BeatSwap, Audius, Story Protocol, and Opulous turn music and media rights into on-chain, income-backed assets.
Share
Blockchainreporter2026/01/21 17:45
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

The post ‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms appeared on BitcoinEthereumNews.com. The Nigerian SEC
Share
BitcoinEthereumNews2026/01/21 17:34