In the cryptocurrency trading scene, technical analysis continues to be a vital tool. Recently, The Open Network (TON) has been in the spotlight, consistently surpassing its all-time highs.

Through technical analysis, it's straightforward to identify support and resistance levels, which are points where the price significantly fluctuates. This approach has been successful in the past at various levels such as $0.55, $1.9, $4.5, and $2.6.

A few days ago, TON's price peaked at $7.3. This level has now been breached and transformed into a support level. As long as this level remains, the chart indicates a strong bullish trend. This optimistic market attitude is a positive sign for potential investors and traders.