$1.48 pinning wave got washed out aggressively, but the trend line hasn’t been broken; the bullish structure is still intact—waiting for confirmation that it holds at 1.8.

$TON ANALYSIS
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$TON/USDT lost the $1.75 base flagged in the previous analysis and unwound straight into the macro ascending trendline from the April low, wicking $1.48 before sharp buyers stepped in and reclaimed $1.70. Price now sits at $1.732, sitting just above the trendline that has defined the entire two month structure. The pullback was deeper than expected, but the trendline held to the tick, the higher low sequence remains technically intact on a closing basis.

Holding above $1.65 on a daily close keeps the broader bullish structure alive and sets up another attempt at the $2.00 to $2.10 supply zone. Reclaiming $1.85 reactivates the bullish leg toward $2.30 and a retest of the $2.90 high. A daily close below $1.48 breaks the trendline definitively and shifts the bias to a deeper unwind toward the $1.30 base. The chart gave us a textbook trendline retest, the bounce needs follow through, watch how price handles the $1.80 level on the way up. Patience in chop pays more than conviction in range.