The price of toncoin was to drop for several months. Since November 2024, the price was steadily the highest low levels and low reduction. In the post, TON is trading about $ 3.29, and climbing slightly after a sharp drop in March. It approaches a major technical area that can decide the next main step.
Many merchants closely monitor TON because it tests a strong resistance trend line. Let’s divide the current ton price structure and whether it is now in it is logical.
Ton tests the main trend line again
Toncoin was detained below the scattered direction line that extends to late 2024. This trend line rejected three main marches: one in December near $ 7.50, another in February near $ 5.30, and the third in early April is about $ 4.40. Every rejection led to a lower decrease and another deeper.
Now, after the bounce of a strong support area ranging between $ 2.45 and $ 2.70, the Toncoin price is paid again towards the trend line. However, the repeated tests of the resistance line often weaken it. Therefore, no certain outbreak has occurred yet, and the trend line still represents a big obstacle.
Moreover, the 2.45 – $ 2.70 range has created itself as a reliable support zone of the ton. The distinctive symbol increased twice from this area, as a long low fuse showed strong interest in the buyer.
This rule coincides with previous monotheism, which gives the area additional strength. If the TON price fails to break the descending trend line and refuse again, this support range can be tested again. Less than $ 2.45, however, would leave a ton of prone to prices much lower.
Toncoin main resistance levels and market structure
If TON exceeds the descending trend line with a strong size, the resistance areas range between $ 3.70 and $ 3.90, followed by $ 4.40 – 4.50 dollars. The cleansing of these levels would turn the market structure more upward.
To date, the total trend is still downward. However, the short -term procedures have turned into positively after a ton formed the highest level of less than $ 2.50. The daily closure above the trend line can reflect the potential trend and open the door on higher goals.
Also read: The real reasons for avoiding Blackrock Etf XRP: Expert visions
Therefore, should you put $ 1,000 in Toncoin (ton)?
The price of a ton at a major decision point. The current setting shows early recovery signs, but the real penetration has not yet been confirmed.
The closure above the trend line is strong and about $ 3.90 will enhance the investment issue. On the other hand, if TON is rejected again and less than $ 2.70, then there will be a justification for caution. Until the collapse is confirmed, TON remains at the level of making or breaking.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
