TON has broken the consolidating range and is now testing the resistance area. A break above this resistance could lead to a strong upward rally. Wait for clear confirmation before opening long positions.
The total crypto market cap is consolidating within a symmetrical triangle pattern and is currently trading above the Ichimoku Cloud, which is acting as a support indicating underlying strength.
A strong breakout from the triangle would confirm a bullish rally in the market.
However, a breakdown below the pattern could lead to further downside, so keep a close eye on price action for confirmation.