Toncoin (TON) has recently sparked excitement across the crypto space, soaring 25% in just four days. While this explosive rally has revived hope among investors, a key question looms: Is this the start of a bullish breakout, or simply a temporary bounce in a broader downtrend? At WallStreet Queen Official, we’re breaking down the charts, the risks, and what traders should really expect next.
Toncoin’s Market Snapshot: Where We Stand
Despite the recent pump, the bigger picture reveals that 96% of Toncoin holders are still in loss, highlighting the uphill battle TON faces. Although strong trading volume has supported this bounce, uncertainty remains about the rally’s longevity. Is this a trend reversal or just a classic bear market bounce? Let’s dive deeper.
Short-Term Pump, Long-Term Struggle
The overall market structure for Toncoin remains bearish, despite short-term gains. Even with a recent lift in On-Balance Volume (OBV) and trading activity, Toncoin is still trading below critical resistance zones, most notably $3.85 — a key level that bulls must conquer for a sustained rally.
Without breaking above this threshold, any upward move risks being short-lived, potentially dragging the price back down.
$3.6: The First Major Hurdle
All eyes are now on $3.6, a key resistance level that marks the next major test for Toncoin’s strength. This level has previously acted as a liquidity magnet, with heavy buying and selling interest concentrated there.
If Toncoin can’t break and hold above $3.6, we may see a sharp rejection, potentially triggering a new wave of sell-offs.
Heatmap Insights: Key Liquidity Zones to Watch
Liquidation heatmaps provide a deeper look into where traders are stacking orders. For Toncoin, the 1-month chart highlights $3.66 and $3.9 as critical liquidity zones.
- $3.66: Near-term resistance — failing here could confirm a bearish reversal.
- $3.9: A breakout above this level would be a strong bullish signal, opening room for more gains.
Bearish Risks Still Dominate
Even though the recent rally has been impressive, the broader trend remains down, and resistance zones could halt Toncoin’s advance. If bulls fail to sustain momentum, we could see a return to $3.2, identified on the 1-week heatmap as a major support — and a possible target for bears.
Key Scenarios for Toncoin’s Next Move
- Bearish Scenario: Rejection below $3.6 leads to a drop toward $3.2 or lower.
- Bullish Scenario: A breakout and sustained move above $3.7 could signal a reversal, with $4.5 as the next target.
Final Thoughts: Cautious Optimism Needed
Toncoin’s 25% rally has brought excitement, but the battle is far from over. Until $3.6 – $3.85 is broken with strong conviction, the risk of reversal remains high.
At WallStreet Queen Official, we remain committed to providing clear, actionable insights so you can navigate these volatile markets wisely. Whether you’re an active trader or a long-term investor, staying informed is key.
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Disclaimer: This content is for educational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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