Technical analysis by Harry_Megat about Symbol TON: Buy recommendation (12/4/2025)

TONUSD – Double Bottom Formation (Neutral Technical View) The chart shows a double bottom structure, where price formed two lows (Bottom 1 and Bottom 2) near the same zone. This is generally watched as a potential reversal signal when price moves back toward the neckline. Key observations: Bottom 1 and Bottom 2 highlight buyers defending the same support area. Price is now approaching the neckline zone around 1.65–1.67, which is an important technical barrier. If candles can hold above the short-term EMAs (9 and 21), it strengthens the idea of momentum shifting upward. A close above the neckline would indicate continuation toward higher resistance levels, while rejection could keep the pair in consolidation. https://www.tradingview.com/x/HmJnmIC0/