The bulls are finding it difficult to push Toncoin back above the moving averages, indicating a lack of demand at higher levels.

The bears will try to strengthen their position further by pulling the price to the solid support at $4.72. Buyers are expected to defend this level with all their might because a break below it will complete a bearish head-and-shoulders pattern. That could start a new downtrend toward $3.50.

If buyers want to prevent the decline, they will have to swiftly push the price above $6.14. The TON/USDT pair could then rally to $7.