‎TONUSD Reverses into a Bullish Trend as Key Levels and Momentum Indicators Support Uptrend

TON Market Analysis – May 2nd

‎TONUSD has recently staged a significant bullish reversal, shifting market sentiment and breaking out of a prolonged bearish structure to signal a potential long-term uptrend.

‎TONUSD Key Levels

‎Support Levels: $4.4400, $2.9700
‎Resistance Levels: $5.9600, $7.2800

‎TONUSD Long-Term Trend: Bullish

‎From May 2024 through December, TONUSD remained confined within a range-bound structure, offering no clear directional bias. However, entering 2025, the price broke out of the range to the downside, initiating a bearish trend.
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‎This bearish phase was marked by a strong downward movement that pushed the price below the key $4.4400 support level and even slightly breached the $2.9700 demand zone. Following this breach, a significant bullish reaction emerged, strong enough to invalidate the bearish trend structure.
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‎After the trend reversal, bullish momentum temporarily waned, resulting in a pullback that retested the broken trendline. However, the price action quickly regained strength. The crypto bullish signals are now evident as momentum indicators—such as the daily Relative Strength Index (RSI) and the Moving Average—show upward movement. These technical confirmations suggest growing bullish pressure and further upside potential for TONUSD.

‎TONUSD Medium-Term Trend: Bullish

‎On the 4-hour chart, price action reinforces the bullish outlook. The recent retest of the broken bearish trendline has led to a bullish break of structure, adding confidence to the trend reversal.
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‎Price has reacted positively from a 4-hour order block and is now trading above the 4-hour Moving Average. This upward movement strengthens the case for a continued bullish leg, with a near-term objective of reclaiming the $4.4400 level. As momentum continues to build, price is expected to maintain its bullish structure and potentially target even higher levels in the medium term.

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