Usman Salis
After some choppy trading sessions, Toncoin (TON) seems to be finding its footing around a crucial price level that could shape its near-term direction. The token briefly dropped below its support zone before bouncing back, and now it's trading in an area that might set the stage for renewed bullish momentum—if buyers can keep defending it.
Chart Setup: A Clean Bounce from Support
TON is currently testing what traders are calling a "make-or-break level" around $2.00. The chart shows a well-defined range with support between $2.00 and $2.05, and resistance sitting near $2.35.
What stands out is the recent price action. TON dipped just below support before snapping back quickly—a classic liquidity sweep that often signals sellers are running out of steam. This type of move can flip sentiment and give buyers the upper hand. There's also a rounded base forming below the support zone, which typically suggests accumulation is happening quietly. If TON stays above this reclaimed level, it could set up for a run at resistance, where traders will watch closely for confirmation of strength.
Why TON Matters Right Now
This technical picture comes at a time when the TON ecosystem is getting more attention, thanks to Telegram's integration and various exchange partnerships. Network activity is picking up, user growth is accelerating, and the token's relative stability compared to the broader crypto market has caught the eye of investors looking for opportunities once risk appetite returns.
What's Next for Toncoin
If TON holds above $2.00, the next logical target is the $2.30 to $2.35 zone, where price has been rejected multiple times before. A clean break above that resistance could strengthen the bullish case significantly. On the flip side, if support breaks, TON could slide toward $1.85, which would invalidate the short-term bullish setup and likely extend the consolidation phase.
Usman Salis
