$TON
Technical Analysis TON USDT
The $TON coin is currently trading around the 1.550 level, after breaking the horizontal support area at 1.600 and testing the uptrend line extending from the April month lows (near 1.480). The price is currently confined to the intersection point of the pattern formed by the descending trendline (from the 2.800 top) and the ascending support line, making the current zone a critical area for determining the next direction.
Holding above the 1.480 level and reclaiming 1.600 would help maintain the integrity of the overall technical structure and open the door for a move toward the 1.700–1.800 range. However, breaking the uptrend line at 1.480 (with an 8-hour candlestick close) would represent a significant technical breakdown, exposing the price to a potential retracement toward the 1.360–1.300 zone. Reclaiming 1.700 is considered the first real confirmation that buyers (bulls) have regained control of the market.
Technical Analysis TON USDT
The $TON coin is currently trading around the 1.550 level, after breaking the horizontal support area at 1.600 and testing the uptrend line extending from the April month lows (near 1.480). The price is currently confined to the intersection point of the pattern formed by the descending trendline (from the 2.800 top) and the ascending support line, making the current zone a critical area for determining the next direction.
Holding above the 1.480 level and reclaiming 1.600 would help maintain the integrity of the overall technical structure and open the door for a move toward the 1.700–1.800 range. However, breaking the uptrend line at 1.480 (with an 8-hour candlestick close) would represent a significant technical breakdown, exposing the price to a potential retracement toward the 1.360–1.300 zone. Reclaiming 1.700 is considered the first real confirmation that buyers (bulls) have regained control of the market.