TON surged to $2.02, putting the token within striking distance of the $2.24 resistance level that could set its near-term direction. The move follows a period of steady buying pressure, and technical indicators are flashing bullish signals that suggest a test of $2.40 could come within days.
The $2.24 resistance test
At $2.02, TON is less than 11% away from the $2.24 mark—a price zone that has historically acted as a ceiling. Breaking above that level would open the path to higher targets, while failure to clear it could stall the rally. Traders are watching this threshold closely because it represents the next major hurdle after the recent climb from lower levels.
Bullish momentum toward $2.40
Technical analysis points to continued upward movement in the short term. The current momentum, measured by indicators such as the Relative Strength Index and moving averages, supports a run toward $2.40. If buying volume holds, that target could be reached within a few sessions. The rally so far has been driven by steady accumulation rather than a sudden spike, which tends to be a healthier sign for sustained gains.
Hidden selling pressure and reversal risk
But not all signals are clean. Analysts track hidden selling pressure—orders placed to sell into strength—that could cap the rally. If that pressure materializes, TON could reverse sharply and fall back to $1.65. That would represent a drop of roughly 18% from current levels, erasing most of the recent advance. The key is whether enough buyers step in to absorb that supply when the price pushes into the $2.20-$2.24 zone.
As the token hovers near this decision point, the next move depends on which side of the market shows more conviction. A clean break above $2.24 would confirm the bullish case; a rejection and drop below $2.00 would signal that sellers have taken control. For now, the coin sits in no-man's-land, waiting for a catalyst to tip the balance.
