‎TONUSD Eyes Bullish Recovery Amid Broader Bearish Trend

‎TONUSD Market Analysis- May 14‎

TONUSD is showing signs of a potential bullish recovery despite its ongoing long-term bearish trend, as recent price action and technical indicators hint at a shift in market momentum.

TONUSD Key Levels

Support Levels: $4.2000, $2.5800
‎Resistance Levels: $6.7000, $8.0300

‎TONUSD Long-Term Outlook: Bearish

‎‎Since June 2024, TONUSD has been on a persistent downtrend, following a strong rejection at the $8.0300 resistance level. Despite the overall bearish structure, the market has experienced several notable bullish corrections that temporarily shifted momentum but ultimately sustained the broader downward trajectory.
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‎Entering 2025, the pair extended its bearish movement, declining from the $6.7000 supply zone after another rejection at trend resistance. This leg of the bearish trend eventually found support in early March 2025 at the ascending trendline, where price began forming a bullish leg within the broader downtrend.
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‎Recent technical indicators support this emerging bullish recovery. The daily Moving Average shows a crossover favoring buyers, while the Relative Strength Index (RSI) is trending upward, aligning with the current bullish crypto signal. TONUSD is now expected to push above the $4.2000 demand level and possibly retest the descending trendline resistance. A successful break above this zone could strengthen the case for a more sustained bullish reversal.

TONUSD Medium-Term Outlook: Bullish‎

‎Zooming into the medium-term time frame, TONUSD reveals a clearer bullish structure. The market recently printed a higher high, signaling a potential trend shift. However, price is currently undergoing a bearish retracement, which has dipped slightly below the 0.5 Fibonacci retracement level.
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‎This suggests the pullback may be approaching exhaustion. Early bullish reactions from this key Fibonacci level indicate a possible continuation of the bullish leg. If the current support holds, traders can anticipate a resumption of the uptrend in the coming sessions.

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