TON has plunged below its key ascending trendline, trading near $3.16 and signaling bearish pressure. Analysts warn a further drop could test the crucial $2.66 support level in the near term.

The cryptocurrency faces a pivotal moment at $2.66. Failure to hold risks a steep decline towards $2.00. Conversely, strong defense of this level could spark a rebound, potentially targeting $3.40 and even the $4.40 resistance zone.

TON’s near-term trajectory hinges entirely on price action around the $2.66 threshold, making it a critical watchpoint for traders in the coming sessions.

source: TheTradable

Keep an eye on the daily Telegram news from OnlyTG.