TON Current Technical Outlook
On the broader timeframe, TON continues to maintain its ascending channel structure. The lower channel support has remained strong, as noted in the previous analysis. Notably, during the sharp pullback at the end of June, the price once again found support at this trendline and reacted upwards.
Following this reaction, the price has managed to hold above the $2.76 level. This zone remains significant as both the lower channel boundary and a key horizontal support. In the current outlook, the price has broken above the $3.31 resistance and is attempting to sustain above it. Historically, this level has been tested multiple times and has acted as a strong resistance with notable selling pressure. Sustained price action above this area could signal a clearer shift towards an upward trend.
If the movement within the channel continues, the next short-term target will be the $3.50 resistance. A break above this level could open the way towards:
- $4.13 (major horizontal resistance)
- $4.87 – $5.16 (medium-term target zone)
- Channel upper boundary at $6.00+
In the event of a pullback:
- First support: $3.10 – $2.76 range
- Below this area, $2.18 should be monitored as a critical support.
These analyses, which do not constitute investment advice, focus on support and resistance levels that may present short- to medium-term trading opportunities under current market conditions. However, all trading and risk management decisions remain the sole responsibility of the user. The use of stop-loss orders is strongly recommended for any positions taken based on this analysis.
