💎 TON at Sosnitski support: market at a crossroads
🔝 What’s happening
⚫️ TON’s yearly drawdown is approaching 72%
⚫️ A key support zone sits around $1.602–1.603
⚫️ Selling pressure has intensified, especially from large Asian players
⚫️ During the latest sell-off, trading volume jumped 43% to 3.02m TON, breaking several support levels and worsening market sentiment
🔝 Why it matters
⚫️ TON is at a technical crossroads: a breakout and close above $1.635 would support a trend reversal scenario
⚫️ A breakdown below $1.602 would open the way to new lows and increase pressure on holders
⚫️ Rising volumes at these levels suggest the market is shifting from a “quiet bleed” to aggressive rebalancing between strong and weak hands
The near-term path for TON largely depends on which side of the $1.602–1.635 range gets broken and then defended first.
🤑 TON Insider 🤑
Over the past year, TON has dropped nearly 72%, but holding the key area around $1.6025 — already dubbed “Sosnitski support” — is showing early signs of a potential reversal.
🔝 What’s happening
⚫️ TON’s yearly drawdown is approaching 72%
⚫️ A key support zone sits around $1.602–1.603
⚫️ Selling pressure has intensified, especially from large Asian players
⚫️ During the latest sell-off, trading volume jumped 43% to 3.02m TON, breaking several support levels and worsening market sentiment
🔝 Why it matters
⚫️ TON is at a technical crossroads: a breakout and close above $1.635 would support a trend reversal scenario
⚫️ A breakdown below $1.602 would open the way to new lows and increase pressure on holders
⚫️ Rising volumes at these levels suggest the market is shifting from a “quiet bleed” to aggressive rebalancing between strong and weak hands
The near-term path for TON largely depends on which side of the $1.602–1.635 range gets broken and then defended first.
🤑 TON Insider 🤑