TON Technical Analysis Feb 5

TON, parallel to Bitcoin’s sharp drop of up to 9%, is approaching a critical support test at the $1.31 level, with RSI at 35 giving an oversold signal indicating a short-term reaction buy – however, bearish momentum dominates.

Market Outlook and Current Situation

TON market has declined by 2.74% in the last 24 hours to the $1.31 level, continuing its daily downtrend. The 24-hour range passed within the $1.30-$1.42 band, while trading volume stood at $116.50 million, remaining low compared to previous days. This situation reflects market participants’ risk aversion and reinforces the uncertainty in the overall crypto ecosystem. The pressure from the broad market decline led by Bitcoin appears to have disrupted TON’s effort to stay above EMA20 ($1.49).

When examined in a multi-timeframe (MTF) context, a total of 13 strong levels are identified across the 1D, 3D, and 1W charts: 3 supports/3 resistances on 1D, 1 support on 3D, and 2 supports/4 resistances on 1W. This confluence highlights the $1.25-$1.39 range as a critical hold zone. Although the drop in volume has reduced volatility, the bearish supertrend signal brings the $1.63 resistance to the forefront. Investors should closely follow TON spot analysis in this tense environment.

There is no major TON-specific catalyst in the recent news flow, but developments in the Telegram ecosystem preserve long-term potential. In the short term, macro risks ranging from Fed policies to geopolitical tensions could delay the altcoin rally.

Technical Analysis: Levels to Watch

Support Zones

The strongest support shines at $1.2500 (score: 71/100); this level provides confluence on 1D and 1W timeframes and represents the bottom of the recent decline wave. $1.3900 (70/100) is just above, while $1.3252 (67/100) offers a hold aligned with Fibonacci retracement on the daily chart. Breaching these zones could open the door to bearish targets ($0.9475), as recovery signals won’t strengthen without volume-backed tests.

The importance of supports comes from MTF confluence: the extra support on the 3D timeframe further strengthens $1.25. Traders should focus on volume increases at these levels; rising candle formations could enhance rebound potential.

Resistance Barriers

The first resistance at $1.4877 (68/100) is critical due to its proximity to EMA20; if not broken, short-term bearish bias is maintained. $1.4000 (65/100) is a psychological threshold, and $1.9372 (61/100) stands as a bullish target, but the 4 resistance confluences on 1W form a tough barrier. Supertrend’s $1.63 resistance blocks trend reversal.

Resistance tests are generally rejected with low volume; around $1.40 becomes a key monitoring point for TON futures trading in spot and derivatives markets. Volume confirmation is required in a breakout scenario.

Momentum Indicators and Trend Strength

TON entering the oversold zone with RSI at 35.41 increases the likelihood of a short-term reaction buy – typically, pullbacks of 5-10% are seen after dipping below 30. However, the MACD histogram is negative and bearish crossover is active; momentum will remain weak without a crossover above the signal line. EMAs are in bearish alignment: price is below EMA20 ($1.49) and approaching EMA50, confirming downtrend momentum.

While Supertrend gives a bearish signal, ADX (average directional index) keeps trend strength low at low values – this raises the risk of sideways action or whipsaws. Bollinger Bands are contracting, signaling preparation for a volatility explosion; RSI divergence should be monitored. In the long term, the downtrend channel on the 1W chart dominates, but oversold conditions could signal a local bottom.

Risk Assessment and Trading Outlook

When calculating risk/reward (R/R) based on the bearish target $0.9475 (score 22), ratios up to 1:2 are possible if $1.25 support holds – however, BTC dependency keeps risk high. Bullish target $1.9372 (score 31) is distant, with resistance break dependent on 50% volume increase. In a negative scenario, a $1.25 break could trigger a rapid drop to $1.10.

Overall outlook is bearish neutral: range-trade ($1.25-$1.48) if support holds, short bias if broken. With low volatility, position sizes should be kept small; stop-losses placed below support. The market needs BTC stabilization – a catalyst is required for altcoin rotation. TON spot market data will continue to reflect liquidity.

Bitcoin Correlation

With Bitcoin hardening its downtrend with a 9.14% drop to $67,119, altcoins like TON show high correlation (0.85+%) – BTC’s bearish supertrend signal blocks alt rallies. BTC supports at $69,163, $64,576, and $57,064 are critical; a $69K hold opens room for TON rebound, while below accelerates $1.25 TON test.

BTC resistance barriers at $71,048, $74,257, and $78,710; breakout here pulls TON to $1.48+. Rising dominance increases altcoin pressure – TON traders should watch below BTC $64K, as this level could activate alt targets ($0.94) via cascade effect.