🔎 Overview
TON is currently standing at a make-or-break moment. The daily chart shows a Descending Triangle pattern, where price has been consistently pressured by a downward trendline from the early-year highs, while being strongly defended by the key support zone around 3.04 – 3.14 USDT (Fibonacci 0.5–0.618).
This setup reflects a battle between buyers accumulating at demand and sellers pressing from above. Such compression usually leads to a strong breakout or breakdown as price approaches the triangle’s apex.
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📌 Key Technical Levels
Current Price: 3.1365 USDT
Main Support Zone:
0.618 Fib = 3.0460
0.5 Fib = 3.1453
First Resistance / breakout zone: 3.5404
Next Resistances: 4.0492 → 4.6460 → 5.1961 → 5.9429
Major Downside Support: 2.3290 (previous low)
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🟢 Bullish Scenario (Breakout Potential)
1. Bullish confirmation occurs if price holds above 3.046 and breaks the descending trendline with a strong daily close + high volume.
2. Further validation: a close above 3.5404 will likely open the path toward 4.05 and 4.64.
3. With strong momentum, extended targets lie around 5.19 – 5.94, and eventually the major high near 7.23.
4. Narrative: A bullish breakout from a descending triangle often signals a trend reversal from accumulation.
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🔴 Bearish Scenario (Breakdown Risk)
1. If price fails to hold above 3.0460 and closes below on the daily chart, the descending triangle confirms a bearish continuation.
2. First downside target: 2.80–2.60, with ultimate support near 2.3290.
3. If breakdown comes with strong volume, panic selling could accelerate the move lower.
4. Narrative: A bearish breakdown usually extends the prior downtrend, pushing price back to previous cycle lows.
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📐 Pattern & Market Sentiment
Descending Triangle: A consolidation pattern within a downtrend; statistically bearish but can turn bullish if breakout volume is significant.
Volume Factor: Confirmation is critical. Breakouts without volume often lead to fake moves.
Golden Ratio Support (0.5–0.618 Fib): A historically strong support and reversal area — losing it would shift momentum back to the bears.
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📢 Conclusion
TON stands right above its final line of defense (0.618 Fib). If this zone holds and the descending trendline is broken, bulls could ignite a move toward 3.54 – 4.05+. But if 3.046 fails, bears may drag TON back to the 2.32 lows.
In short: TON is at a “do or die” stage — expect a major breakout or breakdown soon.
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TON/USDT is trapped inside a descending triangle with a critical support zone at Fibonacci 0.5–0.618 (3.14–3.04).
📉 Breakdown below 3.046 → risk of drop to 2.32
📈 Breakout above 3.54 → potential rally to 4.05 – 4.64
A decisive move is near — watch the volume for confirmation!
#TON #TONUSDT #Crypto #Altcoin #TradingView #TechnicalAnalysis #Fibonacci #DescendingTriangle #Breakout #SupportResistance #ChartPattern
TON is currently standing at a make-or-break moment. The daily chart shows a Descending Triangle pattern, where price has been consistently pressured by a downward trendline from the early-year highs, while being strongly defended by the key support zone around 3.04 – 3.14 USDT (Fibonacci 0.5–0.618).
This setup reflects a battle between buyers accumulating at demand and sellers pressing from above. Such compression usually leads to a strong breakout or breakdown as price approaches the triangle’s apex.
---
📌 Key Technical Levels
Current Price: 3.1365 USDT
Main Support Zone:
0.618 Fib = 3.0460
0.5 Fib = 3.1453
First Resistance / breakout zone: 3.5404
Next Resistances: 4.0492 → 4.6460 → 5.1961 → 5.9429
Major Downside Support: 2.3290 (previous low)
---
🟢 Bullish Scenario (Breakout Potential)
1. Bullish confirmation occurs if price holds above 3.046 and breaks the descending trendline with a strong daily close + high volume.
2. Further validation: a close above 3.5404 will likely open the path toward 4.05 and 4.64.
3. With strong momentum, extended targets lie around 5.19 – 5.94, and eventually the major high near 7.23.
4. Narrative: A bullish breakout from a descending triangle often signals a trend reversal from accumulation.
---
🔴 Bearish Scenario (Breakdown Risk)
1. If price fails to hold above 3.0460 and closes below on the daily chart, the descending triangle confirms a bearish continuation.
2. First downside target: 2.80–2.60, with ultimate support near 2.3290.
3. If breakdown comes with strong volume, panic selling could accelerate the move lower.
4. Narrative: A bearish breakdown usually extends the prior downtrend, pushing price back to previous cycle lows.
---
📐 Pattern & Market Sentiment
Descending Triangle: A consolidation pattern within a downtrend; statistically bearish but can turn bullish if breakout volume is significant.
Volume Factor: Confirmation is critical. Breakouts without volume often lead to fake moves.
Golden Ratio Support (0.5–0.618 Fib): A historically strong support and reversal area — losing it would shift momentum back to the bears.
---
📢 Conclusion
TON stands right above its final line of defense (0.618 Fib). If this zone holds and the descending trendline is broken, bulls could ignite a move toward 3.54 – 4.05+. But if 3.046 fails, bears may drag TON back to the 2.32 lows.
In short: TON is at a “do or die” stage — expect a major breakout or breakdown soon.
---
TON/USDT is trapped inside a descending triangle with a critical support zone at Fibonacci 0.5–0.618 (3.14–3.04).
📉 Breakdown below 3.046 → risk of drop to 2.32
📈 Breakout above 3.54 → potential rally to 4.05 – 4.64
A decisive move is near — watch the volume for confirmation!
#TON #TONUSDT #Crypto #Altcoin #TradingView #TechnicalAnalysis #Fibonacci #DescendingTriangle #Breakout #SupportResistance #ChartPattern
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.