$TON T is currently trapped in a tight range, and traders are wondering which direction it will break out. Let’s dive into the chart and see what’s happening.

Symmetrical Triangle:

TON is currently trading within a symmetrical triangle. This pattern resembles a coiled spring, and it could be about to trigger a big move in either direction.

Bullish Breakout:

For a bullish breakout, TON needs to break the descending resistance at $7.20. If this happens, it could signal a big rally towards the major resistance area at $10.00-11.00.

Support Zone:

The $5.24-4.50 range is a crucial support area. If the price holds above this level, it could provide a base for another bullish attempt. However, a break below this level would be a big bearish signal.

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