Pendle

Based

bullish

Toncoin

Coin

<p>With altcoins struggling to sustain the bull run amid the market chaos, Toncoin and Pendle are crashing below crucial levels. While Toncoin heads below $4.63 support, Pendle breaks the 50-day EMA support.&nbsp;</p>  
<p>Will these altcoins continue to crash or find a solid support to bounce back? Find out more in our Toncoin and Pendle price analysis.</p>  
<h2 class="wp-block-heading" id="h-toncoin-ton-ready-for-cup-and-handle-breakout-rally">Toncoin (TON) Ready For Cup and Handle Breakout Rally?</h2>  
<p>The Toncoin price action shows a massive falling channel pattern in the daily chart. This keeps the overall Toncoin price trend in a bearish segway. Despite the broader market anticipating a bullish comeback in Toncoin from the $4.63 support level, the downfall continues.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://s3.tradingview.com/snapshots/w/WjiwTn9S.png" alt="TON price chart">
</figure>  
<p><a href="https://www.tradingview.com/x/WjiwTn9S/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Toncoin witnesses a 4-day continuing streak of increased supply, which has resulted in a 5.39% decline in the market cap with four consecutive bearish candles. The current market price of Toncoin is $4.60, with an intraday top of 2.13%.&nbsp;</p>  
<p>The increased bearish momentum has led to a bearish continuation in the MACD and signal lines. As the downfall continues, the Toncoin is likely to reach the $4.50 mark. Meanwhile, the next support level for the meme coin stands near the $4.00 mark, close to the support trendline.</p>  
<h2 class="wp-block-heading" id="h-pendle-under-50d-ema-risks-30-downside">Pendle Under 50D EMA Risks 30% Downside</h2>  
<p>With a quick reversal from the $1.82 low in August, the Pendle price is up by 127%, as it currently trades at $4.15. Despite the massive recovery, the tone has dropped by 15% in the past three days, leading to three consecutive bearish candles.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/05160050/image-57-1024x509.png" alt="PENDLE price chart" class="wp-image-376080">
</figure>  
<p><a href="https://www.tradingview.com/x/hiI0dh0q/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The downfall has broken below the 50-day EMA and is stretching the local support trendline of a rising wedge pattern. The increased momentum of the recent negative cycle puts stress over the support confluence of the 50% Fibonacci level at $3.91, the 200-day EMA, the support trendline, and the $4 psychological mark.&nbsp;</p>  
<p>Currently, it shows an intraday recovery of 1.06%, but the MACD and signal lines have diverged in a bearish alignment. While the bullish recovery depends on the broader market movement, the downside risk has significantly increased.&nbsp;</p>  
<p>A breakdown below the 50% Fibonacci level will likely challenge the 23.60% level at $2.87. Meanwhile, the upside will likely reach the 78.60% level near the overhead resistance trendline at $5.44.</p>  
<p>Also read: <a href="https://coinpedia.org/price-prediction/toncoin-ton-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Toncoin price prediction </a>2024-2030.</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<h3 class="wp-block-heading" id="h-will-the-ton-coin-price-crash-to-4">Will the TON Coin price crash to $4?</h3>  
<p>If the downfall continues, the downside risk warns of a pullback to $4.</p>  
<h3 class="wp-block-heading" id="h-will-pendle-break-under-the-200-day-ema">Will Pendle break under the 200-day EMA?</h3>  
<p>If the rising wedge pattern fails to hold Pendle, the downfall will break the 200-day EMA.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-what-s-the-downside-risk-in-pendle">What’s the downside risk in Pendle?</h3>  
<p>Based on the current price action, if the $3.91 support breaks, Pendle will test the $2.87 mark, which is 31% below the current market price.&nbsp;</p>

Why TON & PENDLE Prices Are Down Today?

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