Technical analysis by paul_endeo about Symbol TON: Sell recommendation (3/28/2025)

Elon Musk’s confirmation of Grok AI’s integration into Telegram is a game-changer for Toncoin, enhancing the utility of projects built on the TON blockchain. This news coincides with TON’s recent breakout from a falling wedge, signaling potential bullish momentum as it approaches the critical $4 resistance level. A decisive break above this mark could push the price toward $5.55.Market sentiment remains optimistic, with Toncoin’s Open Interest reaching $176.23 million. However, liquidation data reveals more long positions being wiped out than shorts, indicating volatility and potential corrections. While bullish sentiment prevails, traders should watch for sustained support above $4 to confirm TON’s continued rally.