Toncoin has been trading inside a descending triangle formation, showing consistent lower highs while testing the $3.10 support level multiple times.
🔹 Price is currently consolidating at support after a recent break of structure (BOS).
🔹 If this weak low gives way, the next major downside target could be around the $2.80 – $2.70 zone, where historical demand and volume profile support are aligned.
🔹 Resistance remains strong at the $3.50 – $3.70 area, and bulls would need to reclaim this zone to shift momentum back upward.
This setup highlights the importance of the $3.10 support level—a decisive move below may confirm further bearish continuation.
Keep an eye on volume reaction and price confirmation before making any trading decisions.
🔹 Price is currently consolidating at support after a recent break of structure (BOS).
🔹 If this weak low gives way, the next major downside target could be around the $2.80 – $2.70 zone, where historical demand and volume profile support are aligned.
🔹 Resistance remains strong at the $3.50 – $3.70 area, and bulls would need to reclaim this zone to shift momentum back upward.
This setup highlights the importance of the $3.10 support level—a decisive move below may confirm further bearish continuation.
Keep an eye on volume reaction and price confirmation before making any trading decisions.
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