$TON at a Critical Juncture: Reversal or Trap? 📉🚀
The charts for $TON are flashing "Oversold," but the bulls are finally waking up. After a heavy correction, we are seeing the first signs of a 24-hour relief rally.
The Setup:
Current Price: ~$1.48 (Holding above key $1.44 support).
RSI Check: Sitting near 36, moving out of the deep oversold zone—historically a "buy the dip" signal for swing traders.
Volume: Up 41% this week, showing fresh interest after the recent lows.
Key Levels to Play:
🔹 Resistance: $1.60. A daily close above this confirms the "double bottom" and opens the door to $1.85.
🔹 Support: $1.44. If this breaks, we could see a slide toward the $1.30 "deep value" zone.
Verdict: Cautiously Bullish for a short-term bounce. Don't chase the green candles; wait for the $1.60 flip for more confidence.
Always (DYOR). 🙏
