$TON shows the direction of the market which is currently sluggish with prices stagnating around US$ 3, despite being under selling pressure. Institutional actions such as a treasury of $100 million are a positive signal, but have not yet been able to change the trend significantly. If buying interest re-emerges, TON may have a chance to rebound upwards, but for now, consolidation remains dominant.
Main Support:
TON has immediate support at US$ 2.90–3.00. If this level is breached, the potential to drop to the US$ 2.70 area will be open.
Strong Resistance:
The nearest resistance is at US$ 3.30–3.40. If it can be breached with high volume, TON could test the next level at US$ 3.70–4.00.
Momentum Indicators:
RSI (Relative Strength Index): is in the neutral zone (45–50), meaning the market has not shown overbought/oversold conditions.
MACD: is still below the zero line → weak bearish signal, but starting to show signs of consolidation.
EMA (Exponential Moving Average) 50 & 200: TON is still below both → the medium-term trend tends to be bearish.
Chart Pattern:
TON is currently forming a sideways range pattern between US$ 2.90 – 3.40. A breakout from this range will determine the next direction.
