TON Breaks Resistance With Strong Volume Spike
The Open Network (TON) has posted a 4.1% increase in the past 24 hours, showing signs of sustained bullish momentum. The token surged from $3.20 to a peak of $3.39, marking a 6.03% breakout that was supported by significantly above-average trading volume.
The price action formed a clean uptrend characterized by higher lows and higher highs, signaling the continuation of bullish sentiment. A decisive break above the $3.33 resistance level added further conviction to the move, with volume rising to 5.77 million TON tokens traded, well above the 24-hour average.
Support at $3.27 Holding Amid Profit-Taking
Following the breakout, TON entered a mild consolidation phase near $3.35, suggesting profit-taking by short-term holders. However, the token retained most of its gains, with key support at $3.27 remaining intact.
This level has been tested several times with strong bounces, confirming its importance in the current structure. The $3.33 level, previously resistance, now appears to be acting as a short-term support, as confirmed by multiple tests during the last trading session.
Technical Outlook Points to More Upside
- Uptrend Confirmed: Price structure shows consistent higher highs and higher lows.
- Volume Spike: 5.77M TON traded during breakout, well above average.
- Resistance Break: $3.33 resistance was broken with strong conviction.
- Support Zones: Immediate support at $3.27, secondary support at $3.33.
- Consolidation Range: TON is currently consolidating between $3.34–$3.35, showing temporary indecision but no reversal signs.
In the final hour of trading, TON corrected 1.24% from $3.38 to $3.34, but buying interest quickly reemerged near the $3.33 zone. This behavior reflects a healthy uptrend rather than a reversal, setting the stage for a potential push beyond the $3.40 psychological barrier.
Market Sentiment Remains Bullish
While broader market indices showed moderate gains — with the top 20 non-stablecoins rising by 3.7% — TON continues to outperform. As long as current support levels hold and volume sustains on future moves, further upside toward $3.50 and beyond appears likely.