Toncoin's Wild Ride to $3.6 – Dead Cat Bounce or False Hope? 🤔

Toncoin is doing its best impression of a sinking ship – daily bearish market structure intact.
A volume spike on the recent bounce whispered sweet nothings in TON bulls’ ears. 😏

Toncoin [TON] holders, bless their patience, have endured storms that would make sea captains weep. With 96% underwater, even submarines are envious—but wait! A 25% price bounce in four days? Could this be the plot twist we’ve all been waiting for?

Possibly not. The daily chart’s downtrend has the resilience of a determined mosquito—it refuses to go away.

So, naturally, everyone is asking: how high will this bounce go before TON realizes gravity exists? Resistance at $3.85 looms like a judgmental aunt at Christmas dinner.

As usual, AMBCrypto sent its detectives deep into the labyrinth of liquidation heatmaps to figure out TON’s next move. 🔍

Will $3.6 Be TON’s Swan Song or Wounded Bird Flop? 🤷

Here’s the scoop: the lower high at $3.95 from February—a juicy target for TON, but not without a challenge. The MACD, like a confused dance partner, teased a bullish crossover but still shuffles below zero.

Despite the bullish whispers, the primary vibe on the daily timeframe was “Nope, we’re still bearish.” 🙃

Trading volumes decided to show off and the OBV jumped higher than December lows. Optimism sparked, but let’s not break out the champagne just yet—it’s probably sparkling water. 🥂

Fibonacci retracement levels, like fortune tellers, plotted hope above 78.6%. But resistance above? It’s like trying to climb a muddy hill in slippers.

Hopes of a full-blown recovery for TON look slimmer than a pancake on a diet.

The 1-month liquidation heatmap revealed the juicy liquidity spots at $3.66 and $3.9. While $3.66 plays coy, $3.9 stares back, ready for the next dramatic act. Can they both host bearish reversals? Let’s call it “Revenge of the Chart Levels.” 🎭

Heatmaps have become the horoscopes for traders, and zooming into the 1-week version highlighted levels $3.2 and $3.67. Liquidity at $3.2 seemed thirsty to be noticed while $3.6 waved its overpriced cocktail around—it’s closer, so TON may indulge there first before tumbling down like a tired toddler.

For swing traders—your moment approaches, lined with Monday chaos and retracements riding into the sunset. But wait! If TON breaks past $3.7, the liquidity party at $3.2 could be canceled. Drama, drama everywhere. 🎉

2025-03-16 16:10

Toncoin’s Wild Ride to $3.6 – Dead Cat Bounce or False Hope? 🤔

Will $3.6 Be TON’s Swan Song or Wounded Bird Flop? 🤷

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