This weekly chart of the cryptocurrency TON/USDT shows several important technical signals:
1. Price and trend
Current price: 3.111 USDT
Over the past week, there has been a slight increase (+0.32%), which may indicate an attempt at consolidation after the previous decline.
After peaking at 5.620 USDT (in September 2024), the price significantly dropped to 2.354 USDT, which became the local minimum.
2. Support and resistance levels
Support: ~2.354 USDT (historical low)
Nearest resistance: ~4.271 USDT (a level where the price has stopped previously)
Additional levels: ~3.50 USDT (intermediate resistance), ~2.108 USDT (deeper support)
3. Volumes
Volumes during the weeks of decline were high, indicating active selling.
Currently, volumes have decreased, which may be a sign that sellers are losing interest, or the market is waiting for a new impulse.
4. Moving averages (MA)
MA(7) is trending upward, but very close to the current price — this may indicate the emergence of a local uptrend.
MA(25) and MA(99) are not shown — their addition would help better evaluate the long-term trend.
5. Candlestick patterns
The last green candles with long lower shadows may signal buyers stepping in on dips, indicating a possible bottom formation.
Conclusion:
Neutral-bullish signal. If the price can establish above 3.50 USDT, further growth can be expected.
A break below 2.354 USDT will open the way to 2.108 USDT or lower.
Confirmation of growth is possible with an increase in volumes and breaking above 4.271 USDT.
