Toncoin (TON) Price Forecast: Potential Reversal After Prolonged Correction
Toncoin (TON) is testing a critical support zone after a multi-year corrective phase, with technical indicators suggesting a possible trend reversal. The cryptocurrency has maintained a macro bullish structure since mid-2022, consistently forming higher lows along a rising trendline.
Early 2024 saw TON break through key resistance, sparking a significant rally before entering a prolonged descending channel. Market analysts now observe exhaustion in the downtrend, with the $1.70–$1.80 range absorbing substantial selling pressure. Liquidity sweeps below channel support appear to signal capitulation rather than continuation of bearish momentum.
The $1.40 level remains crucial for maintaining the long-term bullish thesis. A decisive break above the channel midline WOULD confirm the reversal, potentially invalidating the bearish structure that dominated 2024-2025 price action.
