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Toncoin holds $2 support after rally, traders watch for next breakout or deeper pullback.

Technical Signals
17 May 2026
Tokenpost
View Source
Neutral
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Toncoin recently surged close to $2.90 after breaking out from a consolidation phase, supported by strong trading volume and crossing key moving averages. However, it faced a sharp correction and is now testing a critical $2 support level, which will determine if the bullish trend continues or if a deeper retracement occurs. The coin remains above its 200-day moving average, signaling a positive long-term outlook, but traders are cautious as momentum has cooled. Holding above $2 could lead to stabilization and another rally, while falling below may push prices toward $1.70.

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