In this analysis, I want to review the TON coin for you — one of the popular coins owned by Telegram, currently ranked 20 on CoinMarketCap with a market cap of 7.51 billion dollars.
📅 Daily timeframe
In the daily timeframe, unlike other coins that have already broken their highs and are moving upward, this coin hasn’t yet reached its top and has just been supported from the bottom of its range box.
✔️ A Maker Buyer zone has formed between the 2.725 and 2.519 levels, which is the main support zone for this coin, and the price has been supported from this area and is now moving upward.
📈 The trigger confirming this support was the 2.927 level, and after this trigger got activated and the price consolidated, it seems the main bullish leg has now started, and the price can move toward the top of the box.
✨ If you already have a long position on this coin, I recommend holding it — especially if you have other open positions — because this move has just started, and if an uptrend forms, your entry is at a great level.
⭐ The first zone where I might take partial profits is the 3.513 top, which is a Maker Seller zone and may cause a pullback.
💥 On the other hand, if you don’t have an open position yet, the first long trigger is the break of 3.513. This level is the top of the box, and breaking it confirms the beginning of a bullish trend.
🔍 The RSI trigger and the entry of bullish momentum into the market is the break of 58.84 on this oscillator. Volume so far is well aligned with price, and if this buying volume continues to rise, we can expect sharp bullish moves from this coin.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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