The Open Network’s token, TON, is showing renewed strength after shaking off a brief correction, as crypto markets continue to react to global macroeconomic uncertainty. While traditional assets waver amid trade disputes and policy shifts, TON has carved out a technical recovery that puts it back in bullish territory.
After sliding from a local high of $3.21 to $3.10, TON found its footing at a key support zone and staged a swift rebound. The formation of a symmetrical triangle on the charts adds fuel to the momentum, hinting at a possible breakout move — with a projected swing of up to 40%.
Market Snapshot:
- Volatility Range: TON saw a daily trading range of $0.117 (3.7%), reflecting active participation as traders responded to price cues.
- Reversal Structure: The token traced a sharp V-shaped recovery, a common signal of bottoming action, with strong buy interest kicking in right at $3.11.
- Volume-Backed Bounce: Multiple hourly candles around $3.11 showed strong volume inflows, signaling that buyers are defending the level aggressively.
- Uptrend Formation: A clear sequence of higher lows has emerged, carving an ascending price channel that strengthens the bullish case.
- Resistance Reclaimed: TON pushed above $3.15, with diminishing volume suggesting a brief consolidation period before the next possible leg up.
- Breakout Move: In the last hour, the price climbed from $3.12 to $3.15 — a 1.8% rise — breaking above the $3.14 barrier on elevated volume.
- Technical Outlook: If support at $3.15 holds, the setup favors continued upside. Reduced selling pressure and strong structural integrity could pave the way for a bullish breakout in the sessions ahead.
As markets remain on edge, TON’s price action signals confidence from traders looking to capitalize on technical momentum — even in the face of broader uncertainty.
