TON: Recovery Underway, But Resistance Looms

The Explosive Rally Has Been Given Back
• TON gained more than 100% in just a few days after breaking out of its multi-month base.
• Since then, a large portion of those gains has been retraced as sellers regained control.

Support Is Starting To Hold
• The recent decline found buyers around the $1.50 area, a level that has previously attracted demand.
• Price is now attempting to build a higher base above that support zone.

Bulls Are Reclaiming Lost Ground
• TON has managed to push back above the $1.74 level after spending several weeks below it.
• Holding this area as support would be an encouraging sign for the recovery attempt.

The Next Test Sits Just Overhead
• The major resistance zone remains between $2.20 and $2.28, where sellers previously stepped in aggressively.
• Bulls will need to clear this area before the chart starts looking convincingly bullish again.

Momentum Is Improving
• RSI has stabilised around the 50 level after the sharp correction from the highs.
• StochRSI is turning higher, suggesting short-term momentum is beginning to improve.

Volume Remains A Question Mark
• Buying volume was extremely strong at the lows but has faded during the recent advance.
• A move into resistance with stronger participation would strengthen the bullish case considerably.

In Summary
TON has recovered well from its recent low and is beginning to show signs of stabilisation above the $1.50 support area. The reclaim of $1.74 is a positive development, but the real test lies ahead at the $2.20-$2.28 resistance zone. Momentum is improving and buyers are gradually returning, although volume remains relatively light. For now, the recovery is encouraging, but bulls still need to prove they can overcome the significant resistance overhead.