Toncoin ($TON /USDT) 4-Hour Chart Analysis

Key Levels:

Support Zone: $4.60

Resistance (TP1): $5.40

Target (TP2): $6.00

Current Setup:
Toncoin is showing signs of a rebound after bouncing from the $4.60 support level (purple zone). The price has now entered the next resistance zone around $5.05–$5.40 (TP1). A breakout from this area would signal further upward momentum.

Breakout and Retest Possibility:
If TON manages to break above $5.40 (TP1), a potential retest could happen, leading to another leg up toward the $6.00 target (TP2). The zone between $5.40 and $5.00 serves as critical resistance that needs to be cleared for the bullish scenario to unfold.

Bullish Scenario:

Breakout Above $5.40: A breakout with sustained momentum could push TON toward the next key resistance at $6.00 (TP2). Traders should watch for a confirmed breakout above $5.40, followed by a potential retest of the previous resistance as support.

Bearish Scenario:

Failure to Break $5.40: If Toncoin gets rejected around this resistance zone, a pullback toward $4.60 is possible. A failure to hold the support could lead to further downside movement.

Conclusion:
Toncoin is attempting to break through the $5.40 resistance zone. A successful breakout and retest would target $6.00 (TP2). However, a rejection from the current resistance zone could send the price back to $4.60 support. Traders should watch for a clear breakout signal before entering new positions.

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