Toncoin price has been in a downtrend for several months. Since November 2024, the price has been steadily forming lower highs and lower lows. At publication, TON is trading around $3.29, climbing slightly after a sharp drop in March. It’s approaching a key technical zone that could decide the next major move.

Many traders are closely watching TON’s behavior as it tests a strong resistance trendline. Let’s break down the current TON price structure and whether putting $1,000 into it right now makes sense.

Toncoin has been trapped under a descending trendline stretching back to late 2024. This trendline rejected three major rallies: one in December near $7.50, another in February near $5.30, and a third in early April around $4.40. Each rejection led to another lower high and deeper drop.

Now, after bouncing from a strong support zone between $2.45 and $2.70, Toncoin price is once again pushing toward the trendline. However, the repeated tests of a resistance line often weaken it. So, no confirmed breakout has occurred yet, and the trendline remains a major hurdle.

Moreover, the $2.45–$2.70 range has established itself as a reliable support zone for TON. The token has bounced twice from this area, with long lower wicks showing strong buyer interest.

This base coincides with earlier consolidation periods, giving the zone extra strength. If TON price fails to break the descending trendline and turns down again, this support range could be tested once more. A drop below $2.45, however, would leave TON vulnerable to much lower prices.

If TON breaks above the descending trendline with strong volume, resistance zones are between $3.70 and $3.90, followed by $4.40–$4.50. Clearing these levels would shift the market structure more bullish.

So far, the macro trend remains bearish. However, short-term price action has turned more positive after TON formed a higher low around $2.50. A daily close above the trendline could signal a potential trend reversal and open the door to higher targets.

Read Also: The Real Reasons BlackRock Is Avoiding an XRP ETF: Expert Insights

TON price is at a key decision point. The current setup shows early signs of recovery, but a true breakout is not confirmed yet.

A close above the trendline with strong volume and follow-through toward $3.90 would strengthen the case for investing. On the other hand, if TON gets rejected again and falls below $2.70, caution would be warranted. Until a breakout is confirmed, TON remains at a make-or-break level.

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The post Should You Bet $1,000 on Toncoin (TON) Token Right Now? Here’s What the Charts Say appeared first on CaptainAltcoin.

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