Wallet Opens $TON Short on HyperLiquid

A freshly minted wallet labeled 0x84b just pumped $8M in USDC into HyperLiquid and slammed open a 2.76M TON short position with 2x leverage, betting against the token's recent surge as crypto markets heat up with Bitcoin hovering near key levels.

Zooming into the TON 4h chart, price action screams bullish with the token trading at $2.23, well above the EMA50 at $1.57 acting as solid support and the EMA200 at $1.39 reinforcing the uptrend. Momentum roars ahead as MACD flashes a golden cross at 0.22, but RSI hits an overbought 88.35, signaling potential exhaustion. Price squeezes inside the Bollinger Bands, testing the upper resistance at $2.36 while the lower support at $1.03 looms as a retracement target—expect a sharp pullback to that EMA50 confluence before bulls reload, especially if broader crypto market crash fears tied to BTC volatility spill over into TON price prediction scenarios.