Market trends indicate potential TON breakout

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

TON

Technical analysis & market mechanics

• TON continues to consolidate between $3.50 (support) and $3.90 (resistance), holding steady despite broader relief rallies across the market.
  • The $3.90 level has been tested repeatedly and is the key breakout level to watch - a close above opens the door for continuation.

• • If broken, the next resistance zones are $4.35 and $4.75 - high-conviction short levels due to multiple technical confluences.

• • These confluences include a bearish channel drawn since the all-time high top out, which TON continues to respect cleanly.

• • A push into the $4.35-$4.75 zone would be clean overextension within a broader bearish trend.

• • The RSI has slight room to move higher, and a breakout above $3.90 would likely be accompanied by RSI strength - further confirming the upside into short zones. This would then be attractively oversold to back our short thesis.

• • Structurally, TON remains in a bearish trend, so any strength is expected to be short-lived and corrective in nature.

Cryptonary's take

TON has been consolidating quietly, but that could change quickly. If $3.90 breaks with strength, we expect a late-stage relief rally to carry the price into $4.35 and possibly $4.75. These are the levels where we'll look to build short positions. The setup is clean: an overextended move into a bearish channel aligned with a broader trend structure. This would be one of the most high-conviction shorts on our current watchlist. Execution begins above $4.35, layering into $4.75, with a final stop above $5.30. We stay patient - this one may take time to mature, but the risk-reward is exceptional.