🚀 Toncoin price analysis
🚀 Toncoin’s Momentum: Toncoin gained momentum on August 8 after breaking above the 50% Fibonacci retracement level of $5.81. On August 9, it climbed above the 20-day EMA ($6.39), indicating bears are losing their grip.
📈 Potential Upside: The TON/USDT pair could rise to the 50-day SMA ($7.02) and possibly reach the strong resistance at $8.29, though sellers are expected to defend this level firmly.
🔄 Range-Bound Action: The pair is likely to stay within the range of $4.72 to $8.29. A breakout above or below this range could signal the start of a new trend.
