$TON has turned into one of the strongest performers this week, rallying more than 100% after Telegram founder Pavel Durov revealed that TON network fees would be close to zero. š„
That announcement quickly brought bullish momentum back into the market, and it looks like some whales were already positioned before the breakout happened. One wallet reportedly entered near $2.14 and is now sitting on almost $1.92M in unrealized gains.
The trend still looks very strong with six consecutive green candles, but entering at current levels could be risky after such a massive move.
The main support zone Iām watching is between $2.269 and $2.204. If buyers manage to hold that area during a pullback, $TON may still have room for another push upward. š
On the upside, the next major resistance is around $3.50. A successful breakout above that level could shift the higher timeframe structure in a big way.
Right now, $TON is clearly back in the spotlight and getting a lot of market attention again.
#TON
That announcement quickly brought bullish momentum back into the market, and it looks like some whales were already positioned before the breakout happened. One wallet reportedly entered near $2.14 and is now sitting on almost $1.92M in unrealized gains.
The trend still looks very strong with six consecutive green candles, but entering at current levels could be risky after such a massive move.
The main support zone Iām watching is between $2.269 and $2.204. If buyers manage to hold that area during a pullback, $TON may still have room for another push upward. š
On the upside, the next major resistance is around $3.50. A successful breakout above that level could shift the higher timeframe structure in a big way.
Right now, $TON is clearly back in the spotlight and getting a lot of market attention again.
#TON