The TON coin recorded a notable increase of +21.60% over 24 hours, reaching $3.626 after testing a peak of $3.639. This sharp move came after a period of sideways consolidation that may indicate a “accumulation” pattern according to the classic Wyckoff model.
🔎 Technical indicators show overbought conditions and bullish intent:
✅ The support area between 2.97 – 3.00 has been respected multiple times, reflecting buyer interest
✅ Testing resistance at 3.63 with a very strong candle, which may pave the way for an actual breakout
✅ An increase in trading volume alongside the recent bullish candle, which is a serious indicator
✅ SAR indicator (at 2.882) confirms a change in direction towards the upside
📈 Moving averages:
• MA(5): at 7.09M
• MA(10): at 6.92M
A slight difference in averages reflects recent buying pressure
📊 TON Performance:
• Today: +20.15%
• 7 Days: +17.73%
• 30 Days: +10.15%
• 180 Days: -44.22%
The recent strong recovery may indicate a structural shift in the trend
📌 Upcoming scenarios:
🔹 Bullish breakout: If 3.639 is consistently surpassed with strong trading volume, TON may target levels of 3.85 – 4.00 in the near term
🔹 Return for testing: We may see a “spring”, a false pullback to test support again before the real launch
🔹 Support failure: Breaking 2.97 may return the market to a distribution phase and delay the rise
🧠 Watchlist advice (educational):
• Watch price reactions at the edges (support/resistance)
• Watch for volume increase at green candles
• The structure of peaks and troughs is important to determine market structure
🎯 In conclusion:
The daily chart for TON indicates a classic accumulation structure with clear bullish intent. If the breakout is confirmed, this could be the start of a strong upward wave. However, maintaining neutrality and reacting to the market is the smartest choice at this stage.
#TON #CryptoAnalysis #Darar_Al-Hadari #Technical_Analysis #Binance
