TON Price Alert: Long Squeeze Setup Targets $1.48 as Bears Take Control

TON is currently trapped at the $1.60 level, struggling with flat momentum and a highly congested long-side futures book. Technical indicators suggest a high-probability long squeeze is forming, which could trigger a rapid descent toward the $1.48 support level as leveraged positions face liquidation.

With every major moving average acting as overhead resistance, the bears currently hold the upper hand in this weekly outlook. The lack of buying pressure combined with a crowded trade setup suggests that a downward correction is more likely than a breakout in the immediate term.

TON is stuck at $1.60 with momentum dead flat, facing a crowded long-side futures book that isn't being rewarded. With every meaningful moving average sitting overhead as resistance, technical analysis points to a 65% probability of a long squeeze. This setup suggests that the price could be pushed down to $1.48. For now, the bears have the edge, as the market lacks the necessary strength to overcome the heavy resistance layers.