
As economic uncertainty escalates due to global trade tensions and shifting geopolitical dynamics, The Open Network’s native token, TON, is showing clear signs of strength. While broader markets remain jittery, TON has managed to recover from a recent dip, reclaiming critical levels and flashing bullish technical signals.
Despite pressure across risk assets, TON rebounded from a local low near $3.10, stabilizing above a vital support zone. A developing symmetrical triangle formation now points to the potential for a decisive move — possibly as large as 40% — with the bias currently tilting to the upside based on price behavior and volume trends.
Technical Snapshot
- Measured Volatility: Over the last 24 hours, TON traded within a 3.7% range, equivalent to $0.117, indicating healthy but controlled market activity.
- Sharp Reversal: After topping at $3.21, the token corrected to $3.10 before quickly reversing in a textbook V-shaped recovery, often seen at turning points.
- Support Confirmation: The $3.11 area attracted strong bids, with visible volume support across several hourly intervals, highlighting it as a reliable demand zone.
- Trend Development: A clear pattern of higher lows has emerged, forming an ascending channel that suggests momentum is building behind the recovery.
- Volume Dynamics: TON pushed back above $3.15 even as volume declined, signaling a potential consolidation phase before another leg higher.
- Short-Term Surge: The final hourly candle showed a 1.8% gain from $3.12 to $3.15, with a strong breakout above the $3.14 resistance level confirmed by volume expansion.
- Outlook: With waning selling pressure and a solid technical base at $3.15, TON appears poised for a continuation of its upward trend — provided macro conditions remain stable or improve.
In a market searching for direction, TON’s ability to maintain structure and attract volume near key levels sets it apart as a token with near-term breakout potential.
More Stories
ChiCha Buys 48 Minority Stake in BSP-Licensed PayLoro Marking a New Chapter in PayFi
Bitcoin Eyeing $200K by 2025 Close? Market Cycle Suggests Volatile Months Ahead
Despite Aster’s Rapid Rise, Hyperliquid Holds the Strongest Position Among Perp DEXs, Says DeFi Analyst