Crypto Express

07/24 00:55

TONUSD Technical Analysis

Toncoin price recently confirmed a breakout from a well-formed falling wedge that had been compressing for over two months. The move was sharp and decisive, with price rallying from $2.72 to $3.57 in just under 10 days,  signalling a clear shift in momentum.

This breakout was supported by a reclaim of the 20, 50, and 100 EMAs, highlighting renewed bullish strength. TON is now facing key resistance at the 200 EMA near $3.57, a level that will likely determine the next leg of the trend. Immediate support rests at $3.16 and $3.06 — the former resistance zone now acting as a potential retest area.

If momentum continues, the next targets lie at $3.69, followed by $4.20 and $4.90 — marking previous local highs and macro resistance levels.

While the RSI has cooled to 67.8, suggesting a potential pause or short-term consolidation, the MACD tells a different story. The indicator flipped bullish on July 8 — right as the breakout occurred — and the rising histogram continues to confirm upward momentum.

In short, the technical setup points to a strong trend shift, with room for further upside if TON can flip the 200 EMA into support.

#Justin Sun's 35th Birthday Bash#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think Tanssi is promising? #HTX DAO Listing Governance is LIVE!

66Share