Usman Salis
⬤ TON has been trading inside a clearly defined descending channel for several months, with price action consistently bouncing between the upper and lower boundaries. Currently hovering around $1.59 in the lower half of the channel, the token remains in a corrective phase marked by lower highs and lower lows. This type of controlled downtrend often sets the stage for a reversal once buying momentum returns and price tests the channel's upper resistance.
⬤ The chart identifies a target zone near $5.7-6.0, representing the next major objective if TON manages to break above the descending channel. The significant gap between current levels and this target highlights the magnitude of the potential move. What makes this setup particularly noteworthy is that many altcoins are displaying similar technical patterns right now, suggesting a synchronized market structure that could signal a broader shift in sentiment across the crypto space.
⬤ TON's channel movement matters because when multiple altcoins share the same technical formations, it often influences overall market psychology and can accelerate trend changes. A confirmed breakout from this descending channel wouldn't just mark a momentum shift for TON itself—it could also fuel renewed optimism about recovery timing across the wider altcoin sector.
Usman Salis
