๐ง๐ข๐ก๐๐ข๐๐ก ๐๐ฅ๐๐๐๐ฆ ๐๐๐ฌ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก ๐ช๐๐๐ $๐ญ.๐ต๐ฌ ๐๐ ๐ง๐๐ ๐ก๐๐ซ๐ง ๐ฆ๐ง๐ข๐ฃ?
๐ฐ Current Price: $2.72
๐ป Resistance: $3.00 โ $3.20
๐ Support Zones: $2.55, then $2.06 โ $1.90 (Fibonacci targets)
๐ Whatโs Happening?
Toncoin just broke below a long-term triangle pattern, a signal that downside pressure is gaining strength.
For months, TON traded within a symmetrical triangle โ a structure that often leads to a strong move when broken. That break has now happened to the downside, and bulls have failed to reclaim $3.00 multiple times, confirming bearish control.
๐ Technical Breakdown Made Simple
๐น Triangle Broken: The price fell below the bottom edge of the triangle, showing trend exhaustion.
๐น Fibonacci Extension: After the breakdown, key technical targets are now:
๐ธ $2.06 (1.272 Fib level)
๐ธ $1.90 (1.414 Fib level and previous support)
๐ Indicators:
RSI is stuck near 49 โ shows weak momentum, not oversold or bullish yet.
MACD is flat and below zero โ no sign of strength from buyers.
Toncoin is also trading below major moving averages on most timeframes โ typically a bearish sign.
โ ๏ธ What Should Traders Do?
๐ If Already in a Position:
Use $3.00 as the invalidation level for bearish bias.
Watch $2.55 closely. If this level breaks, expect a potential move toward $2.06 or even $1.90.
๐ If Looking for Entry:
Wait for either a confirmed bounce at $2.55 or a reclaim of $3.00 with strong volume.
Donโt catch the falling knife unless you see clear strength on shorter timeframes.
๐ง Final Thought
Toncoin is in a danger zone โ weak momentum, pattern breakdown, and no strong buyer reaction. Traders should stay cautious and only act if key levels break with volume confirmation.