TON Defends $2.80–$2.95 Support Zone Amid Breakout Hints
Toncoin (TON) maintains strength, consistently defending the $2.80–$2.95 support zone. A recent break above a falling trendline suggests potential momentum shift.
Key Support Levels
- TON remains above the $2.80–$2.95 support zone, with buyers actively defending it.
- The break of a long-standing falling trendline could indicate early trend reversal.
- If the support holds, TON may target $6.87.
- Monitoring for higher highs and lows on shorter timeframes is crucial for confirming bullish trends.
Resistance Levels to Watch
- The first resistance lies around $3.04, previously a support level during the last sell-off.
- The next challenge is at $4.54, coinciding with past swing highs.
- Before reaching $6.87, TON must clear the psychological barrier at $6.00, which may attract selling pressure.
Overcoming these resistance levels requires sustained bullish momentum and the formation of higher highs.