TON Coin – Breakout or Breakdown?
🔹 Currently moving in a downward channel.
📉 Lower highs & lower lows – a textbook bearish trend.
🚧 Right at a resistance zone.
Where could it go from here? Let's break it down!
TON’s Current Price Action
The chart clearly shows the downward channel—lower highs, lower lows, signaling trend weakness.
🎯 Right now, price is at resistance. From here, we either see a breakout or a rejection. (Spoiler: I’m leaning towards the latter.)
Why a Rejection Seems Likely
Price is at the top of the channel—if it doesn’t break out, it’s likely to return to the range.
The next key support sits around $2.80, making it a crucial level to watch.
Bearish RSI Divergence
On the 4H chart, RSI isn’t confirming the price action. Price is moving up, but RSI is trending down = classic bearish divergence.
This often signals trend weakness and a potential reversal.
Conclusion
⚠️ If price rejects at resistance, $0.90 is a key target. I expect it to reach this level—not today, not tomorrow, but somewhere around here will be the bottom.
The trend is still down—until we see a strong breakout, short setups remain favorable. If a breakout happens, time to reassess.
Are you bullish or bearish on TON? Drop your thoughts in the comments! 🔽
🔹 Currently moving in a downward channel.
📉 Lower highs & lower lows – a textbook bearish trend.
🚧 Right at a resistance zone.
Where could it go from here? Let's break it down!
TON’s Current Price Action
The chart clearly shows the downward channel—lower highs, lower lows, signaling trend weakness.
🎯 Right now, price is at resistance. From here, we either see a breakout or a rejection. (Spoiler: I’m leaning towards the latter.)
Why a Rejection Seems Likely
Price is at the top of the channel—if it doesn’t break out, it’s likely to return to the range.
The next key support sits around $2.80, making it a crucial level to watch.
Bearish RSI Divergence
On the 4H chart, RSI isn’t confirming the price action. Price is moving up, but RSI is trending down = classic bearish divergence.
This often signals trend weakness and a potential reversal.
Conclusion
⚠️ If price rejects at resistance, $0.90 is a key target. I expect it to reach this level—not today, not tomorrow, but somewhere around here will be the bottom.
The trend is still down—until we see a strong breakout, short setups remain favorable. If a breakout happens, time to reassess.
Are you bullish or bearish on TON? Drop your thoughts in the comments! 🔽
Magyar Discord Szerver -> Link Tagsághoz: whop.com/kriptoarenayt/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Magyar Discord Szerver -> Link Tagsághoz: whop.com/kriptoarenayt/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.