TON Technical Analysis
Analyzing the chart on the 4-hour time frame, we see that the coin is trading inside a descending channel, and the price is now very close to the channel’s lower boundary. This level has seen reactions in previous touches, so a similar move can be expected.
The price of the coin is now stuck in the $1.72–$1.76 range which acts both as horizontal support and as the intersection point with the channel’s lower trendline. TON is now in a decision area.
As long as the channel structure remains intact, a short-term bounce from the lower band is still likely as in previous touches. If TON gets a reaction from this area, the first target becomes $1.815.
If this level breaks, the next key zone is the channel’s midline at $2.05 This is currently the most important barrier since it aligns with both horizontal resistance and the channel’s middle band.
A breakout above the midline could open the path toward the $2.22–$2.36 region with stronger momentum. If TON breaks below the lower band of the channel and closes under it, the next support levels are:
- $1.69
- $1.63
- $1.44
Especially if $1.69 is lost, selling pressure could deepen significantly.
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, traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
