Tonceoin Price has been downwards for several months. Since November 2024, the price has regularly formed ups and lower stockings. During the publication, it is negotiated about $ 3.29, climbing slightly after a clear drop in March. He approaches a key technical area that could decide on the next major movement.
Many traders look closely at the behavior of your because it tests a strong trend of resistance. Let us decompose the current structure of tons prices and that putting $ 1,000 at this time is logical.
Your test again a major descent trend line
Toncoin was trapped under a descending trend line which dates back to the end of 2024. This trend line rejected three major rallies: one in December nearly $ 7.50, another in February almost $ 5.30 and a third in early April $ 4.40. Each rejection led to another higher and deeper drop.
Now, after having rebounded from a solid support area between $ 2.45 and $ 2.70, the Toncoin price grows again towards the trend line. However, repeated tests of a resistance line often weaken it. Thus, no confirmed escape has yet occurred, and the trend line remains a major obstacle.
In addition, the fork from $ 2.45 to $ 2.70 won as a reliable support area for tone. The token has rebounded twice in this area, with long lower strands showing a strong interest from buyers.
This base coincides with the previous consolidation periods, giving the area an additional force. If the price is not breaking the descending trend line and refuses again, this support beach could be tested again. A drop of less than $ 2.45, however, would leave your vulnerable to much lower prices.
TONORCOIN KEY RESISTANCE Levels and market structure
If your breaks above the descending trend line with a strong volume, the resistance areas are between $ 3.70 and $ 3.90, followed by $ 4.40 and $ 4.50. Cleaning these levels would make the structure of the market more optimistic.
Until now, the macro trend remains down. However, short -term price action has become more positive after your higher level around $ 2.50. A daily closure above the trend line could point out a potential trend reversal and open the door to higher targets.
Read also: The real reasons why Blackrock avoids an XRP ETF: Expert Insights
So, should you put $ 1,000 in Toncoin (ton)?
The price of the ton is at a key decision point. The current configuration shows the first signs of recovery, but a real escape is not yet confirmed.
A fence above the trend line with a high volume and follow-up to $ 3.90 would strengthen the case of investment. On the other hand, if your is rejected again and falls below $ 2.70, caution would be justified. Until the confirmation of an escape, your remains at a level of makeup or rupture.
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