Peter Smith
TON has broken free from a lengthy downtrend and now trades confidently within an ascending channel pattern. The breakout above long-term resistance has shifted the market structure to bullish, with buyers stepping in at every dip.
After successfully retesting former resistance as support, TON has been climbing steadily while forming higher lows. The critical $3.00 level continues to act as solid ground for the bulls, showing that demand remains strong at these levels.
TON Bulls Must Defend Key Support Levels
While the trend looks healthy, traders know that channels can break. If TON drops below the ascending channel, the $3.00–$3.10 zone becomes crucial. This area previously showed strong demand and could offer another chance for buyers to step in.
For now though, the path of least resistance points upward. As long as TON stays within its channel and holds above $3.00, bulls have the upper hand in this game.
Short Description: TON price climbs within an ascending channel. Holding above $3.00, bulls now target $3.87 while defending lower support.
TON Price Targets $3.87 as Channel Pattern Develops
The ascending channel is working like clockwork for TON holders. Each time the price touches the lower boundary, buyers emerge to push it higher. This consistent pattern has traders eyeing the $3.87 level – the upper edge of the channel where selling pressure typically kicks in.
What makes this setup interesting is how cleanly TON respected the channel's structure. There's no messy price action or fake breakouts – just a clean trend that's easy to follow.
Peter Smith
