📈 TON/USDT Analytics — Wedge breakout and signal for growth? 🔍
On the TON/USDT chart, we observe a technically significant event: breakout of the descending narrowing triangle (wedge) upwards, which is traditionally interpreted as a bullish signal. Below is a detailed analysis of the situation:
📊 Current price: $3.396
📉 Change over the day: -6.06%
🔼 Max in 24h: $3.674
🔽 Min in 24h: $3.363
💰 Volume in 24h (USDT): $53.33 million
🔍 Technical picture
🔸 Figure on the chart: A descending triangle has been formed and broken.
🔸 Basic resistance: $3.30 — successfully broken upwards.
🔸 Support: Area $2.35–2.50 — an important foundation after previous pullbacks.
🔸 Target potential by height of figure: $4.20–4.40 (in case of confirmed holding above $3.40).
📉 Volume:
Volumes at the time of breakout are moderately increasing, indicating buyer interest. However, explosive liquidity is not observed yet — confirmation of trend continuation is required.
📈 OBV (On-Balance Volume):
OBV shows recovery, but the value remains in the negative zone, which may indicate insufficient accumulation in the medium term.
🧭 RSI (6):
Relative Strength Index is at 61.16, indicating a healthy bullish momentum, with no signs of overbought conditions. There is room for growth.
🔮 Key levels for the near future
📌 Resistance:
$3.70 — local high
$4.00 — psychological mark
$4.30–4.40 — breakout target zone
📌 Support:
$3.30 — triangle breakout level (now acts as support)
$2.95 — MA(10) and local base
🧠 Summary
📌 Technically, the TON asset shows signs of exiting consolidation and starting a new impulse.
📌 Moderate volume increase, positive RSI, and breakout structure give a bullish priority.
📌 However, to confirm the signal, we need to observe a holding above $3.40 and an increase in volume.
⚠️ Risks: Consider the overall market volatility and news background. Signal cancellation — upon return below $3.25 with an increase in selling volume.
🚀 Conclusion: Long priority upon confirmation of holding above the $3.30–$3.40 zone. Potential up to $4.20 and above in a favorable scenario 📈.