💰💰#TON UPDATE 🚀 🚀
TON is trading around 1.550, breaking below the 1.600 horizontal support zone and now testing the ascending trendline from the April lows near 1.480. Price is compressing at the apex of the converging structure formed by the descending trendline from the 2.800 highs and the rising support below, making the current area a critical decision point for the next directional move.
A hold above 1.480 and a reclaim of 1.600 would keep the broader structure alive and open the door toward the 1.700–1.800 range. Losing the ascending trendline near 1.480 on an 8H close would be a significant breakdown, exposing the 1.360–1.300 area. Reclaiming 1.700 would be the first real confirmation that the bulls are back in control.
#TON #Erinacrypto $TON
TON is trading around 1.550, breaking below the 1.600 horizontal support zone and now testing the ascending trendline from the April lows near 1.480. Price is compressing at the apex of the converging structure formed by the descending trendline from the 2.800 highs and the rising support below, making the current area a critical decision point for the next directional move.
A hold above 1.480 and a reclaim of 1.600 would keep the broader structure alive and open the door toward the 1.700–1.800 range. Losing the ascending trendline near 1.480 on an 8H close would be a significant breakdown, exposing the 1.360–1.300 area. Reclaiming 1.700 would be the first real confirmation that the bulls are back in control.
#TON #Erinacrypto $TON