TON, TRX, BNB Analysis: Major Bullish Reversals Anticipated

The crypto market is shrugging off the aftermath of Jan. 27’s risk-on rout, led by worries that China’s artificial intelligence startup, DeepSeek, will eventually threaten the US’s dominance in the emerging technology space.

However, some top coins outperformed the rest of the market despite delivering intraday losses. That includes Toncoin (TON), Tron (TRX), and BNB (BNB), which have further posted sharp bullish reversals in the last 24 hours.

Let’s analyze their market outlook for the coming days and weeks.

Toncoin (TON) Technical Analysis

TON/USD Four-Hour Price Chart Analysis — Falling Wedge Indicates 15% Rebound Next

Toncoin’s 4-hour chart presents a falling wedge breakout scenario, a pattern typically viewed as bullish.

The falling wedge develops when the price declines inside a range confirmed by two converging trendlines. Meanwhile, it resolves when the price breaks above the upper trendline and jumps by as much as the maximum distance between the upper and lower trendlines.

As of Jan. 28, TON is testing the upper trendline near $5.00 for a potential breakout. A decisive close above the resistance level could trigger an upside toward $5.72, per the breakout rules associated with falling wedge patterns.

Interestingly, the $5.72 is closer to the 200-period exponential moving average (200-period EMA; the blue wave).

On the flip side, failure to break out could see TON retest $4.68, the wedge’s lower boundary, before another attempt at reversal. RSI at 47 suggests neutral momentum, giving the bulls room to push higher.

Given TON’s technical structure, a bullish breakout looks likely—especially if buying volume picks up.

TON/USD Weekly Price Chart Analysis — 30% Gains Next?

Toncoin is consolidating inside a symmetrical triangle weekly, bouncing off the lower support trendline around $4.67–$4.70 while promising a continued rebound move next.

A move toward the 0.236 Fibonacci retracement level at $6.47 seems likely, as this level aligns with the upper trendline resistance. A decisive breakout above this region could confirm a bullish continuation, potentially opening the door to $8.21 (Fib 0 level and previous peak).

However, rejection at the upper resistance could lead to another retest of support near $4.50–$4.70, a key demand zone. The 50-week EMA (red) at $5.22 also acts as dynamic resistance, so reclaiming it is crucial for bullish momentum.

The RSI at 43.89 suggests TON is not yet overbought, giving it room to push higher. The volume will be key—a breakout with strong buying pressure could fuel a rally toward the $6.47–$8.21 range in the coming weeks.

Tron (TRX) Technical Analysis

TRX/USD Four-Hour Price Chart Analysis — A 10.75% Upside Possible in February

The TRX/USD 4-hour chart suggests a potential upside continuation as the price rebounds from channel support and approaches key resistance levels. Currently, TRX is testing the 50-EMA ($0.2476) and 200-EMA ($0.2480), critical hurdles that could determine the next move.

A successful breakout above these moving averages would strengthen bullish momentum, setting the stage for a run toward the 1.0 Fibonacci level at $0.274. This level marks a full retracement of the previous downtrend and aligns with the upper trendline of the ascending channel.

Conversely, rejection from the EMA cluster could lead to a pullback toward immediate support at $0.238 (0.382 Fib retracement) or even the channel’s lower boundary near $0.229 (0.236 Fib level).

The RSI at 49.68 suggests neutral momentum, leaving room for either a breakout or a short-term consolidation.

TRX/USD Weekly Price Chart Analysis — Strong Bullish Reversal Underway

Like Toncoin, Tron is forming a falling wedge pattern, showing the potential to undergo a strong bullish reversal phase in the coming weeks.

As of Jan. 28, TRX/USD was approaching the upper trendline near $0.26, signaling a potential breakout that could propel the price toward $0.37—a 50% gain if the setup unfolds as expected.

Conversely, failure to break above resistance could cause TRX to retreat toward the lower trendline support of around $0.22. While this wouldn’t invalidate the overall bullish structure, it would increase the likelihood of extended consolidation, at least until the price converges at the apex near $0.20.

A breakout attempt from $0.20 could shift momentum toward $0.30, marking a 20% upside from current levels and reinforcing the bullish outlook.

BNB (BNB) Technical Analysis

BNB/USD Four-Hour Price Analysis — Further Breakout Confirmation Needed

BNB is testing a major resistance confluence, with traders closely watching for a breakout that could trigger further gains.

The price is currently struggling against a key zone formed by the descending trendline, the 50-period exponential moving average (EMA) at $683.2, and the 0.382 Fibonacci retracement level at $678.9.

A decisive move above this level could confirm bullish momentum and open the door to higher targets.

If BNB manages to clear this resistance, the next upside targets include $691.9 (0.5 Fib retracement and 200-EMA), followed by $707.4 (0.618 Fib) and $722.5 (0.786 Fib retracement level). A full trend recovery could see the price retest $745.6, aligning with the 1.0 Fib level and previous swing highs.

On the downside, a rejection from this resistance could trigger a pullback toward $663, the 0.236 Fib retracement level, with further downside risks extending to $637.6 if bearish pressure intensifies.

However, BNB’s recent rebound from $663, coupled with an RSI of 50.84, suggests neutral momentum, leaving room for further upside.

A break and close above $683-$691 could confirm a bullish breakout, strengthening the case for a reversal.

BNB/USD Weekly Price Chart Analysis — Binance Coin Approaching $1,000 Target in Coming Weeks

BNB is forming a textbook ascending triangle pattern on its weekly chart, a bullish continuation setup that suggests the potential for a significant price breakout.

The price has been consolidating below the $720 resistance while forming higher lows, indicating increasing buying pressure.

A successful breakout above $720 could trigger a strong rally, with the measured move target sitting near $991, representing a potential 46% gain from current levels. This target is derived from the triangle’s height projected upward from the breakout point.

On the downside, failure to break above resistance could lead to another retest of the ascending trendline, currently near $600, where buyers may step in again. The 50-week EMA at $571.5 provides additional support.

The RSI at 56.58 suggests there’s still room for upside before overbought conditions emerge, further supporting the bullish case.