Market Snapshot:
$TON has been holding firmly within an ascending channel, steadily printing higher highs and higher lows—a classic sign of a well-structured bullish market. Currently, the price is hovering just below the key resistance level of $3.46, and all eyes are now on whether bulls can push through this zone for the next major leg up.
Technical Outlook:
Price action on the 4H and daily charts shows clear respect for the ascending channel structure. Multiple bounces off the lower trendline indicate strong buyer interest at dips, while rejections near $3.46 highlight the significance of this resistance.
A strong break and candle close above $3.46 would confirm bullish continuation and invalidate local short-term supply. This breakout could open the path toward the next major target at $4.20, which aligns with the previous Imbalance (IMB) fill zone—an area where price previously moved impulsively, leaving unfilled liquidity.
Key Levels to Watch:
Immediate Resistance: $3.46
Major Target on Breakout: $4.20 (Previous Imbalance Fill)
Support Zone: $3.15 – $3.22 (Channel mid-range & trendline support)
Strategic Trade Idea:
Breakout Entry: Wait for a clear breakout candle close above $3.46 (preferably on high volume) to avoid fakeouts.
Target: $4.20
Invalidation (Stop Loss): Below the ascending trendline support ($3.12–$3.15) depending on entry.
Risk Management: If entering early within the channel, use tight SLs and consider partial profits near resistance in case of a rejection. On breakout, use trailing stop-loss to ride the trend toward $4.20 and beyond.
Market Insight:
TON's structure is one of the cleanest bullish patterns in the current altcoin landscape. The ascending channel is being respected with textbook precision, and the momentum is gradually building. The price is compressing near resistance, which often precedes volatility expansion.
The $4.20 target is not random—it marks the imbalance fill from a previous impulsive move, making it a magnet level for price once the breakout is confirmed. Traders should keep a close eye on volume, candlestick structure, and market sentiment near $3.46.
Conclusion:
$TON is approaching a make-or-break zone. As long as the ascending channel holds, the bulls are in control. A confirmed breakout above $3.46 could lead to a powerful move toward $4.20, aligning with a key liquidity zone. Stay alert, trade with discipline, and manage your position size smartly—TON could be setting up for a breakout play worth catching.