TONUSDT: Breakout Ahead or Deeper Plunge?
2025-01-22
Category: None

Yello, Paradisers! Could #TONUSDT be on the verge of a breakout or heading deeper into bearish territory? Read this before you trade!

💎#TONUSDT is currently trading within a falling wedge formation, which hints at a potential bullish reversal. The price recently tested a critical demand zone at $5.124, a level that has historically served as strong demand. A liquidity sweep below the wedge's lower boundary suggests that sellers might be losing momentum. However, for a bullish outlook to be validated, we still need confirmation of buyer strength stepping in to trigger a rebound.

💎On the upside, the descending resistance of the wedge has proven to be a persistent obstacle, rejecting multiple previous breakout attempts. A decisive breakout above this resistance could propel the price toward the next major resistance at $6.085. If #TON clears this level with strong momentum, the rally could potentially extend further into the $6.859–$6.974 zone, where stronger resistance is expected to emerge.

💎On the downside, if the demand zone at $5.124 fails to hold, the price could dip into the strong support area near $4.652. A breakdown below this level would invalidate the falling wedge pattern, exposing the price to further bearish pressure and potentially driving it down to $4.221.

Strive for consistency, not quick profits. Treat the market as a businessman, not a gambler. This is the only way you’ll make it far in your crypto trading journey. Be a PRO!

MyCryptoParadise
iFeel the success🌴
