As global financial markets remain under pressure from intensifying trade disputes and geopolitical instability, The Open Network’s native token, TON, is proving resilient. Despite a broader climate of volatility, TON has rebounded strongly from recent losses, signaling growing investor confidence.
The cryptocurrency recovered after finding solid footing above the $3.10 mark, even as traditional assets and crypto alike face turbulence. Technical indicators suggest a bullish setup is forming, with a symmetrical triangle pattern indicating the potential for a sharp 40% breakout — currently skewed toward the upside.
Technical Breakdown
- Intraday Volatility: TON-USD saw heightened activity in the past 24 hours, trading within a 3.7% range, or $0.117, reflecting active price discovery.
- Rebound Structure: After reaching a high of $3.21, TON corrected to $3.10 before sharply reversing — forming a pronounced V-shaped recovery.
- Support Strength: Buying pressure concentrated near the $3.11 level, with multiple hourly candles showing elevated volume, confirming it as a key support zone.
- Uptrend Formation: The recovery has built momentum, carving out higher lows and creating a clear ascending price channel.
- Resistance Flip: TON reclaimed the $3.15 level, though on declining volume — a sign of short-term consolidation following the rebound.
- Recent Surge: In the last hour of trading, TON climbed from $3.12 to $3.15, a 1.8% move upward, breaking past the $3.14 resistance on a volume spike.
- Outlook: With declining sell pressure and firm support at $3.15, technical conditions now favor a continued move higher if bulls maintain control.
As traders watch for a breakout from the symmetrical triangle, TON stands out as a token to watch amid macroeconomic uncertainty and crypto market crosscurrents.
