Let’s break down the recent action on $TON /$USDC
Price Action: TON/USDC dropped sharply from 3.070 to 2.605 (-15.2%), followed by a recovery to the current 2.899 (+5.23% today). This volatility signals a potential consolidation phase.
Trend: The broader trend remains bearish (30-day: -5.42%, 180-day: -49.2%), but the recent bounce suggests short-term buying interest. Watch for a trend reversal if it breaks above 3.070.
Support & Resistance: Key support lies at 2.605; a break below could target 2.581. Resistance is at 2.991 (recent high) and 3.070 (24h high). A close above 3.070 could signal bullish momentum.
TON/USDC is at a critical juncture. A hold above 2.899 with volume could push toward 3.070, while a drop below 2.605 may test lower supports. Use stop-losses and confirm with indicators. Happy trading, and let’s discuss your views below!
