TONUSD Market Analysis – July 10
TON shows signs of a potential bullish rebound as it reacts from a key daily order block, forming a failed low pattern and hinting at a trend shift supported by strengthening momentum.
TONUSD Key Levels
Support Levels: $3.5300, $2.6780
Resistance Levels: $4.1250, $4.5800
TONUSD Long-Term Trend: Bullish
TON is showing strong signs of a potential bullish reversal after an extended corrective move. In late March 2025, price action confirmed a bullish break of structure, setting the tone for a new upward phase. However, this bullish momentum was interrupted by a significant bearish retracement, which pushed price below the $3.5300 demand level.
Despite multiple recovery attempts around the breached $3.5300 zone, price continued downward, eventually reaching the $2.6780 demand level. This level aligned with a key daily order block, which, once activated, prompted a reaction from buyers.
Following the order block activation, price formed a “failed low” pattern—an early bullish signal suggesting seller exhaustion and the likelihood of a bullish reversal. Supporting this, the daily Relative Strength Index (RSI) has begun to rise, indicating strengthening bullish momentum.
TONUSD Medium-Term Trend: Bullish
In the medium term, TON appears to be in the initial phase of a bullish recovery. Price is gradually forming a new bullish leg and currently trades above the 4-hour Moving Average—a technical sign favoring further upside.
However, for the bullish trend to gain full momentum, price must break above the descending trendline that has contained recent moves. The 4-hour RSI is approaching the overbought territory, signaling that a short-term pullback could occur before continuation. Traders are advised to proceed with caution and wait for a clear breakout above the trendline to confirm the bullish resumption.
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