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Technical Analysis

‎TONUSD Extends Bearish Trend Following Breakout and Order Block Rejection

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‎TONUSD Extends Bearish Trend Following Breakout and Order Block Rejection

‎TONUSD Market Analysis – June 27‎

‎TONUSD continues its downward trajectory as the market confirms a fresh bearish breakout, reinforcing the prevailing bearish trend.

‎TONUSD Key Levels

‎Support Levels: $2.3000, $1.4000
‎Resistance Levels: $4.0000, $5.2000‎

‎TONUSD Extends Bearish Trend Following Breakout and Order Block Rejection

TONUSD Long – Term Trend: Bearish

‎TONUSD has been entrenched in a consistent bearish trend since the beginning of 2025, with price action forming a clear pattern of lower highs and lower lows. This decline persisted until April, when the market entered a consolidation phase. The sideways movement during this period reflected a temporary neutral state, suggesting a potential reversal or continuation of the broader trend.
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‎Eventually, price broke out to the downside, confirming a continuation of the bearish structure. This bearish breakout signals renewed selling pressure in line with the long-term trend. Technical indicators further support this outlook—TONUSD remains below the daily moving average, and the long-standing bearish trendline continues to act as dynamic resistance, with price rejecting it on the most recent retest.

‎TONUSD Extends Bearish Trend Following Breakout and Order Block Rejection‎‎TONUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, TONUSD recently experienced a bearish break of structure after rejecting a key bearish order block. This rejection has initiated a new bearish leg, aligning with the broader daily timeframe trend.
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‎Given that the daily chart signals that the bearish move is still in its early stages, the current decline is expected to deepen. Price is now targeting the $2.3000 demand level, with further downside potential toward the trendline support.
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‎TONUSD remains firmly bearish across both long- and medium-term structures, with technical confluence favoring continued downside pressure unless a significant structural shift occurs.

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