Toncoin [$TON] began to regain footing after the pullback that followed the 11th of February market structure shift. The correction stayed brief, but it slowed the earlier momentum.
However, the tone began shifting again. Over the past two days, the price posted steady gains, hinting that buyers were returning.
Does EMA support signaling continuation?
At press time, Toncoin traded above key Exponential Moving Average [EMA] support near $1.358. The 20-day and 30-day EMA levels acted as short-term trend guides.
Historically, holding above EMA support reinforced trend continuation. When the price stayed above it, the structure leaned bullish.
In Toncoin’s case, the move suggested the correction acted as a pause rather than a breakdown. Momentum remained moderate, but it built with more stability.
Source: TradingView
Is $1.5 liquidity pulling price higher?
That shift set up a new focus on liquidity clusters around $1.5. These zones often attracted price when buying pressure built steadily.
This was less about speculation and more about price seeking areas with higher order concentration.
Source: CoinGlass
Current price action reflected that gradual push. Buyers stayed active, but the move remained controlled rather than aggressive.
Even so, this behavior often preceded tests of nearby liquidity zones.
At press time, long positions accounted for 67% of total market positions. If the structure held, $1.5 became the next natural target.
A move into that zone could confirm buyers retained short-term control.
Source: Coinalyze
Is weak Open Interest limiting upside?
By contrast, not all signals are aligned. Open Interest [OI] remained largely unchanged despite the price recovery.
Over the past 24 hours, OI fell by less than 1%, showing limited new participation.
That detail mattered. Strong trends usually require fresh capital, which remained absent here. This suggested the move was driven more by existing positions than new inflows.
As a result, momentum could stay steady but capped.
For a stronger push beyond $1.5, participation would likely need to rise.
Toncoin stabilized for now. Structure improved, but confirmation depended on new capital entering the market.
Source: Coinalyze
Final Summary
- Toncoin [$TON] held EMA near $1.358, with 67% longs, pushing the price toward $1.5 liquidity.
- Flat Open Interest and weak inflows may cap momentum, unless fresh participation enters to sustain the move.