TON is trading at the Blue support zone ($5.133–$5.201) but has remained under the descending trendline since early December. Despite flipping the Blue zone, the trendline has repeatedly rejected breakout attempts.
A decisive breakout above trendline resistance could push the price toward the next major Yellow resistance zone at $5.988–$6.094. Clearing this level with strong momentum might extend the rally to the Pink resistance zone at $6.884–$6.992, where stronger resistance awaits.
A decisive breakout above trendline resistance could push the price toward the next major Yellow resistance zone at $5.988–$6.094. Clearing this level with strong momentum might extend the rally to the Pink resistance zone at $6.884–$6.992, where stronger resistance awaits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.