#TON TON has been trading in a weaker phase recently with price often below major moving averages, showing bearish pressure with bouts of short-term consolidation. �
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Current price levels (according to recent price feeds) are near $1.35–$1.42, reflecting a downtrend compared to earlier higher levels. �
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Short-Term Technical Levels
Immediate resistance: around $1.44–$1.48 — upper boundary where the price has struggled to break up strongly. �
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Support levels: $1.34–$1.29 are key near-term supports; a sustained breakdown here could lead to further downward pressure. �
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Indicators: RSI is near neutral to slightly oversold, and MACD suggests bearish to neutral momentum, meaning downward pressure is still present but could stabilize. �
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Bearish Risk
If price fails to hold above $1.34, further downside toward psychological zones like $1.20 is possible in a continued bearish scenario. �
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Technical downtrend remains intact until key longer-term resistances and moving averages are reclaimed. �
Bullish Possibilities
A break above $1.48–$1.51 could shift momentum slightly upward, potentially targeting short-term ranges around $1.60–$1.80. �
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Longer-term forecasts from some analysts foresee possible upward targets in the ~$1.9–$2.4 range if broader crypto markets improve and bearish pressure ends. �
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Summary
TON is trading in a corrective/downward pattern with significant resistance overhead and several supports being tested.
Technical indicators show bearish to neutral momentum — recovery requires break of resistance levels.
Analysts give mixed forecasts, with downside risk if supports fail and moderate upside if key levels are broken. �$TON #MarketRally #EthereumLayer2Rethink?
