Strong Support at $3.11 Fuels TON’s 3.7% Rally in Classic V-Recovery Pattern

Amid rising global economic tension and market instability, TON—the native asset of The Open Network—has staged a notable recovery, reinforcing key technical levels and signaling bullish continuation potential.

Despite headwinds across both traditional and digital asset markets, TON rebounded sharply after finding strong support at $3.11. The move comes as a symmetrical triangle takes shape on the charts, hinting at a potential 40% price breakout, with momentum indicators favoring an upward resolution.

Technical Recap:

• Daily Range: TON-USD fluctuated within a 3.7% range ($0.117), underscoring increased market activity and volatility.
• Price Action: After peaking at $3.21, the asset corrected to $3.10 before rebounding in a sharp V-shaped recovery—a bullish reversal signal.
• Support Validation: The $3.11 level saw sustained buying interest, confirmed by high-volume hourly candles, establishing a clear demand zone.
• Trend Formation: Successive higher lows have created a rising channel, suggesting strengthening bullish momentum.
• Reclaim and Consolidation: TON broke back above the $3.15 mark, with easing volume hinting at near-term consolidation rather than weakness.
• Short-Term Breakout: In the last hour, TON advanced 1.8%, from $3.12 to $3.15, breaking past $3.14 resistance with volume confirmation.
• Forward Outlook: If the $3.15 support holds, the structure favors a breakout continuation, supported by declining sell pressure and firm technical positioning.

TON’s current setup places it on watchlists as a breakout candidate, especially as traders look for technically sound plays in an otherwise uncertain macro landscape.