Toncoin: How profit-taking pressure can cap TON’s rally

ambcryptoPublished on 2026-01-19Last updated on 2026-01-19

Abstract

Toncoin (TON) faced resistance at the $1.70 level, struggling to maintain bullish momentum despite Bitcoin's recent surge. While a breakout above $1.70 could trigger a short-term rally, on-chain data suggests profit-taking may limit gains. The 90-day MVRV ratio increased, and although Open Interest rose, sideways movement in mean coin age indicates a lack of sustained accumulation. Weekly charts remain bearish, with key resistance at $3.75. However, the $1.70 zone has turned to support, offering a potential long entry. Traders are advised to target profits at $2.16 and $2.37, with invalidation below $1.56. A move toward $2.0–$2.37 is possible, but profit-taking is expected to cap upward movement.

Toncoin [TON] faced resistance at the $1.70 region over the past month. The bullish momentum many altcoins saw in the first week of January was inspired by Bitcoin’s [BTC] rally beyond $90k at that time.

While Bitcoin has managed to reclaim $94.5k as support, Toncoin has not exhibited much bullish momentum over the past week, having shed 1.29% over the past week.

In a recent AMBCrypto report, the importance of the $1.70 area was highlighted. A bullish breakout past this level could see a short-term rally ensue, the report concluded.

The on-chain metrics revealed a sizeable uptick in the 90-day MVRV ratio. Further price gains could be capped as holders take profits.

Open Interest had also surged, but the mean coin age was moving sideways. This was a reflection of a lack of network-wide accumulation, which translated to a lack of market conviction.

What the price charts reveal for TON holders

The weekly trend was firmly bearish, as the DMI and the price action showed. The swing point for the bulls to beat on this timeframe was at $3.75, more than double the current market price.

A move beyond this level will signal a bullish long-term trend.

The OBV has not made new lows over the past two months, which was a slight encouragement. The $2.3-$2.4 and the $2.8 levels were the notable supply zones the weekly chart revealed.

Traders’ call to action: Go long and don’t forget to take profits

The short-term bullish momentum was something traders could capitalize on. The OBV and the daily volume bars indicated a flurry of buying from the final week of December.

The imbalance and local supply zone at $1.70 has been flipped to support.

Swing traders can use this flip to buy TON. They need to be cautious and remember to take profits at $2.16 and $2.37, with a drop below $1.56 being invalidation.

Final Thoughts

  • Toncoin’s on-chain metrics showed network-wide accumulation was not underway.
  • A rally to $2.0 and $2.37 appeared possible in the coming weeks, and swing traders must be ready to take profits during the move.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Related Questions

QWhat key resistance level has Toncoin (TON) been facing over the past month?

AToncoin has been facing resistance at the $1.70 region.

QAccording to the on-chain metrics, what indicator saw a sizeable uptick, suggesting potential profit-taking pressure?

AThe 90-day MVRV ratio saw a sizeable uptick.

QWhat does the sideways movement of the mean coin age indicate for the Toncoin network?

AIt indicates a lack of network-wide accumulation, which translates to a lack of market conviction.

QWhat is the swing point price level that the bulls need to beat on the weekly timeframe to signal a long-term bullish trend?

AThe swing point for the bulls to beat is at $3.75.

QWhat are the two profit-taking target levels suggested for swing traders in the short term?

AThe suggested profit-taking target levels for swing traders are $2.16 and $2.37.

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