Peter Smith
Toncoin has hit a bit of a roadblock lately, but that might not be such a bad thing for bulls looking ahead. Sometimes the best rallies come after the market shakes out weak hands and grabs liquidity from obvious levels. With TON sitting in a key spot right now, traders are watching to see if we get that classic "fake-out before breakout" scenario that could send prices flying.
TON Price Consolidates Below Supply Zone
TON is hanging around $3.12 after getting smacked down from that tough $3.45–$3.50 resistance area. That rejection created what traders call a Fair Value Gap – basically a price zone that tends to pull the market back like a magnet. Now everyone's watching to see if TON dips lower to grab some liquidity before making its next big move.
Trader @navex_eth is calling this setup a classic liquidity grab play. He thinks TON might sweep down to $3.01 to flush out anyone betting against it, then snap right back up. It's like setting a trap – once all the sellers get caught, there's nobody left to push prices down. If this plays out, we could see TON quickly climb back through $3.27 → $3.38 → $3.45.
- Weak Low Support: $3.01
- Current Consolidation: $3.12
- Recovery Targets: $3.27 → $3.38 → $3.45
- Strong High Resistance: $3.50
There's a bunch of equal lows sitting below current prices, which usually means there's liquidity waiting to be grabbed. If TON can get back above $3.27, it opens the door to test those highs at $3.45–$3.50 again.
Conclusion: TON Bulls Preparing for a Trap-Reversal Setup
Yeah, TON might dip to $3.01 in the short run, but that would probably be more about grabbing liquidity than any real bearish breakdown. If the bulls can flip the script like @navex_eth suggests, we could see TON rocket back toward that $3.45 supply zone. Keep your eyes peeled – the next breakout could set TON's direction for weeks to come.
Peter Smith
