📈 $TON — technical analysis in the channel. What's next?
A stable ascending price channel has formed on the TON chart, in which the asset has been moving for a long time. Such a channel usually indicates bull control and the presence of a trend, despite local pullbacks.
🔸 Current situation:
The price has hit the lower boundary of the channel — around $3.095. Important point: either a bounce upwards or a breakout with a change in structure.
🔶 Channel parameters:
Support: ~$2.350
Resistance: ~$3.960
Median: ~$3.580 — consolidation level and intermediate target.
📊 On the chart:
The price has bounced several times from the boundaries of the channel. The peak of $4.211 — a false breakout with a drop. The asset is now at the lower boundary — a zone for longs with limited risk.
🧭 Scenarios:
🟢 Bullish: bounce to the median $3.580, then to the upper boundary $3.900+. Confirmation — green candles and increasing volumes.
🔴 Bearish: breakout downwards with consolidation. Possible tests of $2.900 and below.
📌 Conclusion:
$TON is in an upward trend. As long as the price is in the channel — the advantage is with the bulls. The zone $3.000–3.100 is critical.
It is important to monitor the volumes — they will help understand the strength of the movement. Investors should be ready for volatility and use stop-losses.
📍 We are watching closely. The channel is working.