Should You Bet $1000 on Toncoin (TON)? Here's What the Charts Say

Toncoin price has been in a downtrend for several months. Since November 2024, the price has been steadily forming lower highs and lower lows.

Toncoin price has been stuck in a downtrend for several months, testing a key technical zone that could decide the next major move.

Many traders are closely watching TON's behavior as it tests a strong resistance trendline. Let's break down the current TON price structure and whether putting $1,000 into it right now makes sense.

Many traders are closely watching TON's behavior as it tests a strong resistance trendline. Credit: Benzinga

What Is Happening With The Toncoin Price Right Now?

Since November 2024, Toncoin has been forming lower highs and lower lows. The token is also testing the third touch of a major descending trendline.

This trendline rejected three major rallies: one in December near $7.50, another in February near $5.30, and a third in early April around $4.40. Each rejection led to another lower high and deeper drop.

However, the repeated tests of a resistance line usually weaken it. Furthermore, no confirmed breakout has occurred yet, and the trendline remains a major hurdle.

Moreover, the $2.45-$2.70 range has established itself as a reliable support zone for TON. The token has bounced twice from this area, with long lower wicks showcasing strong buyer interest.

This base coincides with earlier consolidation periods, adding to the zone's strength. If TON fails to break the descending trendline and turns down again, this support range could be tested once more.

A drop below $2.45, however, would leave TON vulnerable to much lower prices.

What To Expect Next From The TON Price?

If TON breaks above the descending trendline with substantial volume, the next resistance zones are between $3.70 and $3.90, followed by $4.40-$4.50.

Clearing these levels would shift the market structure more bullishly. So far, the macro trend remains bearish despite short-term price action turning more positive after TON formed a higher low around $2.50.

A daily close above the trendline could signal a potential trend reversal and open the door to higher targets. However, a rejection from the trendline could lead to further declines and set up the next lower high.

Should You Put $1,000 Into Toncoin (TON)?

At current levels, around $3.3, Toncoin price is at a key decision point. The setup shows early signs of recovery, but a true breakout is not confirmed yet.

A close above the trendline with strong volume and follow-through toward $3.90 would strengthen the case for investing in TON.

On the other hand, if TON gets rejected again and falls below $2.70, it could signal that the recovery is stalling, and more downside could be expected.

Until a breakout is confirmed, and the technical levels are breached, Toncoin remains at a make-or-break level.