$TON UPDATE 👀
TON is trading around 1.645 after a sustained pullback from the recent highs near 2.90. Price has been bleeding lower throughout May and is now testing the ascending trendline support that has been holding since late April. The current level aligns precisely with the trendline, making this a critical area for bulls to defend.
A clean reaction off the ascending trendline near 1.64 keeps the broader structure intact and opens the door for a recovery back toward the 1.80–1.90 range. A breakdown below this support on an 8H close would invalidate the trendline and expose deeper downside with no clear level until the 1.50 area comes into play. Reclaiming 1.75 would be the first sign of stabilization heading into a recovery.
TON
1.518
-8.71%