$TON is sitting at one of the most important levels on the chart right now.
After the sharp selloff from the $2.28 high, buyers managed to defend the $1.44 region and push price back into a consolidation range. What's interesting is that $TON is no longer making new lows, but it's also struggling to break through the $1.77 resistance zone.
This is the kind of structure that often precedes a major move.
A breakout above $1.77 could open the door toward $1.90 and potentially trigger a stronger recovery rally. On the other hand, losing the $1.65 support area would put bears back in control and increase the probability of revisiting lower levels.
For now, patience is the real trade.
The market is compressing, volatility is cooling, and both bulls and bears are waiting for confirmation. The next decisive move from this range could set the tone for TON's direction over the coming weeks.
Watch the breakout, not the noise.