‎TON Forms Failed Low as Bullish Reversal Gains Traction

‎TONUSD Market Analysis- August 7

Toncoin forms a failed low as bullish momentum begins to build, signaling a potential reversal from its prolonged bearish trend.

‎TONUSD Key Levels

‎Support Levels: $3.3800, $2.5000
‎Resistance Levels: $4.1600, $4.9700

‎TONUSD Long-Term Trend: Bearish

‎Toncoin experienced a significant peak in early January 2025, after which a prolonged bearish trend unfolded, dragging price lower for several months. However, in May 2025, the market saw the first notable bullish momentum of the year, offering early signals of a potential trend shift.
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‎This bullish push carried price toward the $4.1600 supply zone, where a strong bearish rejection occurred, threatening to resume the prevailing downtrend. However, instead of forming a new lower low, price established a failed low pattern, reclaiming the $3.3800 demand level—an early indication of bullish strength.
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‎Although bullish momentum appears to be building, the daily Relative Strength Index (RSI) shows weakening strength in price. This signals a possible minor correction before the bullish trend resumes. If the RSI reaches oversold conditions, it could act as a springboard for the next bullish leg.

‎TONUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, the ongoing short-term decline on the daily chart is mirrored by a bearish break of structure. Despite this, the 4-hour chart is currently undergoing a bullish pullback, likely in response to a nearby Fair Value Gap (FVG) that is yet to be filled.
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‎Once this FVG is fully mitigated, the bearish continuation may resume in line with the broader trend. However, it is expected that any further bearish moves will respect the $2.5000 demand level. This area will be crucial to watch, as holding above it maintains the potential for a larger bullish reversal to unfold.

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