- •$TON is on a very important weekly support at $2.65–$2.70, guiding near-term price action and a probable run to $3.00 resistance.
- •A fall below $2.65 opens the path to $2.20–$2.30, marking increased selling pressure and market volatility in the near term.
- •Binance and OKX long/short ratios indicate extremely strong bullish sentiment with retail and top traders overwhelmingly favoring long on $TON.
Toncoin ($TON) is currently trading at $2.65, positioned at a critical weekly support zone between $2.65 and $2.70. This area will likely dictate its near‑term price trajectory and market activity.
$TON at a Pivotal Weekly Support
$TON is currently sitting on a strong weekly key support of $2.65–$2.70, and it's a key traders' decision point. A bounce from here can start a move towards the descending trendline resistance above $3.00. This trendline has constantly been capping uptrend momentum since mid‑2024 and acting as a cap for bullish action.
According to CryptoPulse, “$TON is sitting right on its major weekly key level around $2.65–$2.70. Hold this level: Price can bounce and challenge the descending trendline resistance near $3.00+.” Traders are advised to watch for confirmation of price action before entering positions.
A breakout above the $3.00 trendline could restore bullish momentum, drawing further attention from both retail and institutional participants. The weekly timeframe emphasizes the importance of any sustained upward movement in this zone.
Risks if $TON Breaks Below Support
Failure to defend $2.65 could prompt a deeper retracement toward $2.20–$2.30, signaling short‑term bearish pressure. Such a breakdown may trigger stop‑losses and increase volatility, potentially prolonging consolidation in lower ranges.
CryptoPulse notes, “Lose this level: A breakdown below $2.65 opens the door for further downside, with risk of a deeper retracement toward $2.20–$2.30.” This underlines the importance of monitoring momentum and volume at this support.
Market participants should closely watch this level for confirmation of a breakdown. A decisive close below $2.65 could lead to intensified selling pressure and caution among traders attempting new long positions.
Trader Sentiment and Market Positioning
Long/short ratios on Binance and OKX suggest strong bullish sentiment among both retail and top traders. The Binance TON/USDT accounts ratio is 2.31, while the OKX accounts ratio reaches 3.19, indicating aggressive positioning toward long trades.
Among top traders, Binance shows a long/short ratio of 2.38 for accounts and 3.27 for positions, reflecting conviction in bullish strategies. High long bias could precede short‑term volatility or profit‑taking, requiring careful monitoring.
Current trading volume stands at $120,817,315 over 24 hours, reflecting a –1.68% decline today and a –5.72% drop over the past seven days. Market participants continue to watch $TON closely for decisive movement in this key weekly zone.