TON Technical Analysis
Analyzing TON chart on a daily time frame, we can see an ascending channel pattern. The price of the coin has tested both the lower and middle bands of this channel many times. TON is currently trading around $3.06, close to the middle border of the channel.The most important short-term support is the $3.10 – $3.00 zone. If this level breaks, the next support is at $2.76, which also matches the lower trendline of the rising channel. Keeping $2.76 is critical for the uptrend to continue. In a deeper pullback, $2.18 is the stronger bottom support.On the upside, the first resistance is at $3.31. Above that, $3.50 and $4.13 are the next resistance levels. If the price closes above $4.13, it could move towards the $4.87 – $5.16 range in the medium term.Overall, TON is still trading inside the ascending channel and currently testing the mid-band support. Holding above $3.00 keeps the bullish scenario valid. Closing above $3.50 may speed up the uptrend, while closing below $2.76 could weaken it.
Summary
- TON is moving inside an ascending channel
- $3.00 – $3.10 is a key support, below it $2.76
- $3.31 and $3.50 are short-term resistances
- Above $4.13, price may target the $5 area
- Below $2.76, the bullish trend could break
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
