📉 Toncoin ($TON) Weekly Outlook

Toncoin is showing a strong bullish reaction from a historical demand zone that has acted as both resistance and support multiple times in the past (highlighted with red circles). This level continues to prove its significance.

Currently, #TON has bounced off the lower boundary of a falling channel, suggesting a potential reversal setup.

✅Retesting major historical support (~$2.50–$2.80)
✅Strong bullish wick rejections indicate buying pressure
✅ Currently approaching mid-channel resistance

Target 1: ~$4.80 (mid-channel)

Target 2: ~$6.50 (channel top)

Target 3: ~$8.00+ (previous swing high if breakout confirmed)

Invalidation: A close below $2.40 would break structure and negate the bullish thesis.

@Crypto_