‎TONCOIN Eyes Potential Bullish Reversal Amid Symmetrical Triangle Formation

‎TONCOIN Market Analysis- September 11

TONCOIN is showing early signs of a possible bullish reversal as price action and momentum indicators align to support a shift in market sentiment.

‎TONUSD Key Levels

‎Support Levels: $2.8000, $2.2000
‎Resistance Levels: $3.5000, $4.3180

‎TONUSD Long-Term Trend: Bullish

‎As price action prepares for a possible bullish turnaround, TONCOIN’ protracted bearish trend seems to be waning. The market showed strong bullish momentum in early March 2025, following months of steady decline, suggesting a potential shift in direction.
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‎Following this move, price entered a consolidation phase, reflecting weakening seller dominance. This consolidation has developed into a symmetrical triangle pattern, a classic signal that the market may be preparing for a breakout.
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‎Adding weight to this outlook, the daily Relative Strength Index (RSI) is approaching the oversold region, suggesting diminishing bearish momentum. Once the RSI confirms this oversold condition, a bullish breakout is anticipated, paving the way for a potential trend reversal.

‎TONUSD Medium-Term Trend: Bullish

‎On the 4-hour chart, structure has already shifted bullish, highlighting growing anticipation of upward momentum. However, with the RSI currently positioned in the overbought region, the bullish trend may experience a short-term delay before continuation.
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‎During this pause, price is expected to dip into the 4-hour order block, providing a healthy correction before resuming its upward trajectory. A move into the RSI oversold region on this timeframe would further validate the setup, strengthening the case for sustained bullish momentum

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