‎TONUSD Pauses in Consolidation as Bearish Pressure Lingers Below Key Resistance

‎TONUSD Market Analysis- May 30

‎TONUSD is currently consolidating between key levels as bearish pressure persists beneath the critical $4.7100 resistance, signaling a potential continuation of the downtrend.

‎TONUSD Key Levels

‎Support Levels: $2.8100, $2.1500
‎Resistance Levels: $3.5700, $4.2100

‎TONUSD Long-Term Trend: Bearish

‎TONUSD continues to exhibit a dominant bearish structure despite recent bullish activity. The market had been in a clear downtrend, with minimal retracement, until price tested the $2.8100 demand zone. This level triggered a strong bullish rebound, pushing the price beyond the $3.5700 supply area.
‎
‎However, the bullish momentum was not sustained, as price failed to break above the critical $4.7100 supply level. This rejection signaled the continuation of the overarching bearish trend. The market has since resumed its decline, with price revisiting the $2.8100 demand level.
‎
‎Upon reapproaching this demand zone, price action has turned indecisive, entering a consolidation phase between $2.8100 and $3.5700. This range-bound movement temporarily stalls the bearish momentum. Meanwhile, the daily Relative Strength Index (RSI) shows increasing bullish momentum, suggesting growing buyer interest. However, given the prevailing bearish trend, any upward moves are currently considered corrective in nature. A bearish continuation remains likely if the $2.8100 level fails to hold.

‎TONUSD Medium-Term Trend: Ranging

‎On the 4-hour chart, TONUSD remains directionless, fluctuating between short-term uptrends and downtrends without establishing a clear trajectory. The most recent movement was upward, but signs now point to an imminent decline.
‎
‎The 4-hour RSI supports this outlook, currently hovering in the overbought region—suggesting the bullish correction may be exhausted. Despite the temporary consolidation, the medium-term structure aligns with the broader bearish trend. As such, a bearish breakout from the current range is anticipated in the sessions ahead.

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.