One of the standout projects in the crypto market, TON (The Open Network), is currently trading in a critical zone on the daily chart. The price is approaching a long-standing descending trendline. If this trendline is broken to the upside, a strong bullish move could be expected in the TON price.
First Target: $3.91! Then Eyes on the $4.50 Levels
If the trendline breakout occurs, the price is likely to move first towards the $3.91 level. This area has historically acted as a significant resistance zone.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Should TON manage to surpass $3.91, the rally may gain momentum and extend towards the $4.50 levels. This level stands out as a key resistance area that short-term investors will be closely monitoring.
Pullback Scenario: The $3 Support Zone Is Critical!
However, if the price gets rejected from the descending trendline and fails to sustain its upward move, a correction towards the FVG (Fair Value Gap) zone formed during the recent uptrend is expected. The $3 support located in this area is extremely critical for TON.
If the $3 support fails, there is a possibility of a deeper correction down to the $2.50 levels. Therefore, investors are advised to closely watch this key support zone.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.