$TON Breaks Below Key Support – Is a Deeper Pullback Coming?
TON/USDT has dropped to $2.881 after hitting resistance near $3.09, now trading just under a major support zone. Despite a solid 5% daily gain, momentum appears to be fading on lower highs and thinning volume.
Key Levels to Watch
Resistance Zone:
• $2.90 – $2.94
TON struggled to break back above this range after its sharp morning rally.
Support Zone:
• $2.87
A breakdown below this level could trigger a drop toward $2.82 and $2.78.
Trade Outlook
Bullish Case:
Reclaiming $2.94 with strong volume could revive upside momentum.
• Watch for consolidation above this zone before entering long.
Bearish Case:
Failure to hold $2.87 opens up room for a retest of the $2.82 and possibly $2.78 levels.
• Short-term bears may gain control unless bulls reclaim lost ground quickly.
Price action looks weak near the close of this 15-min candle. If TON doesn’t bounce back soon, it might see a deeper retracement before another leg up.