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Toncoin price is starting to gain interest again, with traders watching a familiar resistance zone that could set up the next move. 

On the 4-hour chart, shared by CryptoChiefs, a clear descending trendline continues to cap TON price. While the token is trading around $2.80 for now, eyes are on the $2.90–$2.96 range where a possible rejection could lead to a bigger drop.

TON price has been stuck under this trendline for weeks. Every time the price tries to move higher, it hits this wall and pulls back. 

The line starts from around $3.00 and extends downward, and it’s been a reliable barrier so far. What makes the current setup interesting is the confluence between the trendline and the $2.90–$2.96 resistance zone. 

This area has seen several rejections in the past and might be filled with sell orders or liquidity traps. That’s why traders are so focused on it, it could be where the next move starts.

Price action recently found support around $2.78, which gave TON price a small bounce. But the overall chart still shows a series of lower highs and lower lows. 

That’s a typical downtrend structure, and unless TON flips that pattern, rallies are likely to get sold.

For now, TON price is sitting slightly above support, and the chart shared in the tweet suggests a possible climb into resistance before reversing sharply. It’s a setup traders call a “fakeout and dump.”

In the tweet, CryptoChiefs said he’s not short yet but is closely watching the trendline. The plan? Wait for weakness to show up on the lower timeframes like the 15-minute or 1-hour charts.

He’s looking for signs like bearish divergence on indicators, rejection candles (think long upper wicks), or a breakdown in local support. 

If any of these show up while TON is testing the resistance zone, that could be the green light for shorts.

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The short-term outlook leans bullish as long as TON price grinds up toward $2.90 or higher. But the medium-term view remains cautious. 

If the token can’t break the trendline with strong volume, that resistance could once again push the price lower. This setup is all about patience and timing. 

Traders are ready but want confirmation before acting. The next couple of moves around that resistance zone could tell the full story.

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The post This Toncoin (TON) Price Resistance Level Could Decide Its Next Move – Here’s Why appeared first on CaptainAltcoin.

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