Bulls Poised to Squeeze TON Shorts After Heavy Build-Up
The post Bulls Poised to Squeeze TON Shorts After Heavy Build-Up appeared on BitcoinEthereumNews.com.
Key Points TON short liquidations near $1B suggest rising squeeze risk amid skewed positioning. Technical patterns show potential breakout above $2.78 with upside to $3.2050. Futures data shows strong long bias with Binance and OKX ratios exceeding 2.2 and 3.3. Toncoin (TON) is showing signs of a potential rebound as market data indicates a sharp build-up of short positions. The token currently trades at $2.6666, with futures positioning and liquidation data pointing to an increasing risk of a short squeeze. TON has fallen more than 50% year-to-date, dropping from $4.20 to $2.60 in the past three months. However, despite this decline, the market shows a strong imbalance in favor of shorts, creating a bullish setup if momentum shifts. TON Aggregated Liquidation Levels Heatmap (3 months) | Source : Alphractal Liquidation maps reveal nearly $1 billion in accumulated short liquidations clustered between $3.50 and $4.00. In contrast, long liquidations remain below $0.5 billion, further reinforcing the skewed positioning. TON Liquidation Heatmap (7 days) | Source : Alphractal Over the past seven days, TON traded between $2.50 and $3.40, with heavy liquidation zones near $2.70 to $3.00. Short liquidations during this period surpassed $150 million, while long liquidations remained under $60 million. Technical Indicators Suggest Potential Bullish Momentum On the 4-hour chart, TON is trading within a symmetrical triangle following a sharp September drop. The price is hovering near $2.67, with support around $2.60 and resistance near $2.78. A confirmed breakdown below $2.60 could extend losses toward $2.3650, while a breakout above $2.78 may push it to $3.2050. The RSI is around 45, suggesting weak momentum but room for improvement if it crosses 50. TON 4hr Price Chart Analysis | Source : TradingView The MACD remains below zero but shows signs of a potential bullish cross as bearish pressure flattens. If buyers…
Filed under: News - @ October 1, 2025 5:28 am