$TON is trading at $1.339 on the 4H after a recovery from the February lows around $1.19. The structure shows a prolonged downtrend through most of February, a bottom around $1.237, and a recovery that's been grinding higher since early March. Price is now consolidating just above the $1.299 support level, caught between two clear blue lines that define the range.

The $1.237 blue line is the macro floor — that's where the February selloff finally stopped and buyers stepped in with conviction. Above it sits $1.299 which has acted as both resistance on the way down and support during the current recovery. Price is hovering just above it right now and that zone needs to hold for the bull case to stay intact. A dip back toward $1.237–$1.299 that holds would be the ideal setup before the next push higher.

The blue curve projects a pullback toward $1.299, absorption at that level, then a sharp recovery toward $1.537 — the upper blue line that hasn't been tested since the February 15th high. That's roughly a 15% move from current levels and would represent a full recovery of everything lost during the February decline.

What to Watch

Key support: $1.237 and $1.299
Key resistance: $1.537
Liquidity zone: $1.339 dotted pivot — current price
Confirmation: 4H close above $1.350 keeps recovery intact, break below $1.299 opens path back to $1.237

#TONUSDT built a base at the lows and is recovering steadily. The $1.299 level is the one to watch — it's the bridge between the recovery continuing toward $1.537 and a deeper retest of the February floor. How price handles it in the next 24–48 hours tells you everything.