💡 Quick technical analysis:
❌ A strong decline of -7.17% over the last 24 hours, bringing the price down to $2.673 before quickly bouncing back to $2.718 – which may indicate the start of price consolidation.
🔄 Initial positive rebound! Despite the drop, we witnessed a reversal candle on the 1-hour time frame, indicating buying interest at this level.
📉 RSI is only at 15.14! In a very strong oversold area, which may indicate a near strong price rebound if new liquidity enters.
📊 MACD is still negative, but the divergence between the moving averages has begun to slow down – an early signal of a potential positive crossover soon.
📉 Trading volume jumped significantly at the bottom, reinforcing the hypothesis of a "false break" to attract liquidity before the rise.
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🚀 Expected scenario:
🔼 If the rebound is confirmed and the price stabilizes above $2.73 – $2.75, TON may target a quick return to the $2.88 – $2.90 level.
🛡️ If the bottom is broken again, the $2.60 – $2.67 area could be strong and historic support for buyers.
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🔥 Is TON preparing to reverse the trend?!
With RSI at its lowest levels in a long time and an increase in volume at the bottom, this could be an unmatched opportunity for smart buying before the next launch! 💥
📢 Share your opinion: Is $TON heading towards $3 again? Or is there a drop coming? 👇🚀