TONUSD Market Analysis – July 17
TON faces a potential bullish expansion following a decisive breakout above the symmetrical triangle pattern.
TONUSD Key Levels
Support Levels: $3.1980, $2.4070
Resistance Levels: $3.9060, $4.4890
TONUSD Long-Term Trend: Bullish
In early 2025, TONUSD encountered significant bearish pressure that drove the price down to the $2.4070 support level. This marked the lowest point of the year and served as the origin of a notable bullish reversal. The rally that followed signaled renewed interest from buyers, setting the tone for a potential long-term trend shift.
After the initial bullish surge, the market entered a phase of consolidation, forming a symmetrical triangle pattern—a classic signal of indecision between buyers and sellers. This period of compression built up momentum for the next directional move.
In July 2025, a bullish breakout from the symmetrical triangle confirmed buyers’ dominance, marking the beginning of a broader upward trend. This breakout is validated by technical indicators: price is currently trading above the daily Moving Average, and the Relative Strength Index (RSI) on the daily chart is climbing, reflecting increasing bullish momentum.
TONUSD Medium-Term Trend: Bullish
On the 4-hour timeframe, the bullish sentiment persists as price targets a recovery of the $3.1980 zone, previously acting as a demand level. However, the RSI currently sits in overbought territory, and the recent bullish momentum appears to be slowing. This suggests the possibility of a short-term bearish retracement.
If a pullback occurs, price is expected to retrace into the 4-hour order block before continuing its upward trajectory. A strong bullish breakout beyond the $3.1980 level would likely attract increased buying pressure and accelerate the uptrend.
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