‎TONUSD Confirms Bullish Reversal After Break of Structure and Failed Low Pattern

‎TONUSD Market Analysis – July 3

‎TONUSD confirms a bullish reversal as price action breaks structure to the upside, signaling renewed buying momentum following a failed low pattern and key support reaction.

‎TONUSD Key Levels

‎Support Levels: $2.6700, $2.0100
‎Resistance Levels: $3.4200, $4.2500

‎TONUSD Long-Term Trend: Bullish

‎TONUSD has officially reversed its bearish trajectory, transitioning into a bullish trend after a key structural shift in market behavior. The pair previously experienced a significant decline, reaching as low as the $2.6700 demand zone. However, from this level, a strong bullish momentum emerged, successfully breaking through the $3.4200 supply level — a critical indication of a bullish break of structure.
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‎Following this structural break, the price temporarily retraced below the $3.4200 mark and entered a consolidation phase between the $3.4200 resistance and the $2.6700 demand zone. This consolidation preceded a deeper tap into a daily bullish order block, where price formed a failed low — a bullish signal that suggests downside weakness and further validates the order block’s strength.
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‎Additionally, the daily Relative Strength Index (RSI) has begun to rise, reflecting increasing bullish momentum and supporting the case for continued upward movement.

‎TONUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, TONUSD is displaying signs of a developing bullish leg, initiated from the failed low formation. Price is currently trading above the 4-hour Moving Average, further confirming the short- to medium-term bullish bias.
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‎To fully validate the ongoing reversal, price is expected to break above the most recent high associated with the failed low. A breach above the $3.4200 supply zone will further strengthen the bullish case and open the path for higher price targets in the coming sessions.

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