TONUSDT TON Trendline Probe – Support Hold or Further Fade?
Current trend: TON's grinding along the descending trendline from 2.50 peaks, now hugging 1.90 support amid alt bleed—sellers probing, but low-volume wicks signal potential buyer trap 🛡️.
Hold support? Yes probable; EMA stack and prior lows confluence could spark a clean rejection.
Breakout above resistance? Bullish if 2.30 clears on close—unleashing 5-7% rally to trendline top 🚀.
Dip risk? Moderate to 1.85 on breach, tied to BTC drag.
Target: Short-term 2.10 bounce; downside 1.80 buffer.
Indicators tracking: RSI (42, neutral zone), Trendline slope, and MACD histogram fade 📊.
TONUSDT
Perp
1.621
+1.16%