TON Price Reversal: The Next Big Rally Awaits
2025-01-14
Category: None

The price action of the TON/USDT pair on a 4-hour timeframe. A clear downtrend is marked by a descending trendline, approximately the is under this trendline from 4 December. Several key horizontal support and resistance levels are highlighted, including resistance zones Pink at $7.293 - $7.163 and resistance zone Blue at $6.539 - $6.460, and support levels Green at $5.089 - $5.132. 

The price recently tested the lower support zone and bounced back, approaching a confluence zone where it faces resistance from both the descending trendline and the resistance zone Purple at $5.446 - $5.504. 

If the price breaks through from this Purple zone with volume it could reach the next resistance level at $5.978. 

If the price is rejected from this Purple zone and the descending trendline we would see a pullback to the support zone Green. 
