$TON Attempting to Confirm Downtrend Breakout - Need Volume! 🚀

On the 4h timeframe, $TON currently at $2.972, up by +2.84%. The 24h high is $2.992, with a volume of 8.96M TON and 25.71M USDT.

Key Observation:

⬆️ broken above the downtrend line (white line on the chart), suggesting a potential bullish reversal. However, the current volume needs to increase significantly to confirm the strength and validity of this breakout.

Confirmation Needed:

📈 For a more reliable confirmation of the downtrend breakout, we need to see a substantial increase in trading volume accompanying further upward price action. Higher volume would indicate strong buying interest and a higher probability of the new uptrend being sustained.

Next Target:

🛑 $3.219 (previous local high and potential resistance)

$TON Potential Bullish Targets (if breakout confirmed):

⬆️ $3.400 - $3.600 (next potential resistance levels)

Important Support Levels:

🛡️ $2.900 (potential near-term support)

🛡️ The broken downtrend line could also act as dynamic support if retested.

#TON is showing a promising attempt to break out of the downtrend. Traders should watch closely for a significant increase in volume to confirm the validity of this breakout before considering it a strong bullish signal. Without strong volume, there's a higher risk of a false breakout