‎ TONCOIN Shows Signs of Recovery Amid Bearish Pressure

‎TONUSD Market Analysis- October 3

‎TONCOIN (TONUSD) has shown signs of resilience despite prolonged selling pressure, with technical signals pointing toward a possible recovery.

‎TONUSD Key Levels

‎Support Levels: $2.8400, $2.3530
‎Resistance Levels: $3.6100, $4.2900

‎TONUSD Long-Term Trend: Bearish

‎Despite displaying several bullish signals, TONCOIN remains under the weight of strong supply levels that have capped upward momentum. A key bullish reaction in early March 2025 introduced patterns such as a failed low and a double bottom, both typically indicative of potential trend reversals.
‎
‎However, the anticipated bullish trend has yet to fully materialize as price struggles to break through significant supply barriers. Following the double bottom formation, the daily Relative Strength Index (RSI) reached oversold conditions and has since begun to rise, subtly hinting at strengthening bullish momentum.

‎Currently, TONCOIN is attempting to recover above the $2.8400 demand level, marking the early signs of renewed bullish strength. For a definitive shift in trend, however, a breakout above the $4.2900 supply level would be required to confirm a sustained bullish reversal.

‎TONUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, the bullish case becomes more evident as the market appears to be in the early stages of an upward trend. The formation of a reverse head-and-shoulders pattern has provided a bullish directional bias, further supported by the 4-hour moving average, which aligns with upward momentum.
‎
‎This confluence of signals points toward an imminent breakout, with price likely to challenge the $2.8400 level and extend toward the $3.6100 supply zone. A successful breach of this level would reinforce the medium-term bullish narrative and potentially set the stage for a longer-term recovery.

‎Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.