TON (TON) is trading near $3.16 following a break below key trendline support, with traders watching the crucial $2.66 level that could determine the next major move.
TON Price Breaks Key Support Line
TON just took a hit, dropping below an important upward trendline that had been keeping it steady for weeks. Right now, it's sitting at $3.163 - down from those higher levels we saw around $3.20 to $3.40 recently.
This breakdown isn't great news for bulls, and according to a recent Twitter analysis, we might see TON dip down to test the $2.660 support zone. That's where things get interesting - it could either bounce back strong or continue falling.
What Happens Next for TON Price?
Here's the deal: if TON can't hold that $2.66 level, things could get ugly fast. We're looking at a potential drop all the way down to $2.00, which would basically erase most of the recent gains.
But here's the flip side - if buyers show up at $2.66 and start defending that price, we could see a nice bounce. That might push TON back up toward $3.40, and if momentum really kicks in, maybe even up to that $4.40 resistance area that's been marked on the charts.
It's basically a coin flip right now, and everything depends on what happens when TON hits that $2.66 zone.
The Bottom Line on TON
TON is sitting at one of those classic make-or-break moments. Either it bounces off $2.66 and gets the bulls excited again, or it breaks through and disappoints a lot of holders. Smart money is watching this level like a hawk, and the next few trading sessions should tell us which way this thing is headed.
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TON (Toncoin) Price at Make-or-Break $2.66 Level After Trendline Break
TON (TON) is trading near $3.16 following a break below key trendline support, with traders watching the crucial $2.66 level that could determine the next major move.
TON Price Breaks Key Support Line
TON just took a hit, dropping below an important upward trendline that had been keeping it steady for weeks. Right now, it's sitting at $3.163 - down from those higher levels we saw around $3.20 to $3.40 recently.
This breakdown isn't great news for bulls, and according to a recent Twitter analysis, we might see TON dip down to test the $2.660 support zone. That's where things get interesting - it could either bounce back strong or continue falling.
What Happens Next for TON Price?
Here's the deal: if TON can't hold that $2.66 level, things could get ugly fast. We're looking at a potential drop all the way down to $2.00, which would basically erase most of the recent gains.
But here's the flip side - if buyers show up at $2.66 and start defending that price, we could see a nice bounce. That might push TON back up toward $3.40, and if momentum really kicks in, maybe even up to that $4.40 resistance area that's been marked on the charts.
It's basically a coin flip right now, and everything depends on what happens when TON hits that $2.66 zone.
The Bottom Line on TON
TON is sitting at one of those classic make-or-break moments. Either it bounces off $2.66 and gets the bulls excited again, or it breaks through and disappoints a lot of holders. Smart money is watching this level like a hawk, and the next few trading sessions should tell us which way this thing is headed.