So, the TON bulls are back, huh? Defending Wave 2 like it’s the last slice of pizza at a party. Technicals say $2.25 to $3.50 is the next stop. Sure, Jan.
The selling stopped at $0.96. Big whoop. That’s the 61.8% Fibonacci retracement. You know, the one every trader and their cat was watching. TON’s now at $2.02, up 3.4% on the day. Woohoo. Let’s throw a parade for survival.
Bulls Get the Reaction They Were Waiting For (Finally)
MoreCryptoOnline on X (because who doesn’t love a good X account) flagged the chart. “Good reaction to the wave 2 support zone,” they said. Next stop: $2.25 to $3.50. Because nothing says success like a resistance band that sounds like a garage sale price range.
The chart? Oh, it’s a masterpiece. TradingView’s daily timeframe for TON/USDT on KuCoin. Multi-year Elliott Wave structure. Wave 1 in 2023, Wave 2 in 2024. Then TON corrected. Hard. Like, “I’ll never drink again” hard. Dragged through Fibonacci levels like a bad first date.
Toncoin. Corrected. Hard. Again. Because why not?
Fibonacci levels: 38.2% at $1.35, 50% at $1.14, 61.8% at $0.96, and 78.6% at $0.75. Basically, a trader’s nightmare. Or a therapist’s dream.
What the Chart Is Actually Showing (Spoiler: It’s Messy)
Price bounced from the lower cluster. Wave 2 ended. Wave 3 might start. Might. The move was as clean as a Larry David apology. But hey, bulls got their reaction. So, there’s that.
Resistance band: $2.25 to $3.50. Because nothing says “we’re serious” like a $1.25 range. If TON clears it, Wave 3 is on. At least on paper. Which, let’s be honest, is where most of these predictions live.
Further Out, the Count Gets Bigger (and More Ridiculous)
Beyond $3.50? Oh, just $5 to $9. Wave 5? 2026 or 2027. Because who doesn’t love a prediction that’s further out than my next dentist appointment?
Right now, $2.25 is the wall. Whether TON clears it depends on volume. RSI has room. Structure’s intact. MoreCryptoOnline laid it out: reaction happened, support held, next objective is overhead. Whether bulls take it? That’s the $2.25 question.
Disclaimer: This is technical analysis. Not financial advice. Don’t sue me if you lose your shirt.
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2026-05-06 15:39