$TON
Broke and closed above the 20-day EMA ($5.34) on Sept. 10, but the bulls are struggling to sustain the higher levels.
The flattening 20-day EMA and the RSI just below the midpoint suggest that the TON/USDT pair may swing between the 50-day SMA ($5.97) and $4.50 for some time. The pair remains at risk of completing a head-and-shoulders pattern below $4.50. If that happens, the pair could start a new downtrend toward $3.50.
If bulls want to prevent the downside, they will have to kick and maintain the price above the 50-day SMA. The pair could then jump to the overhead resistance at $7, bringing the large $4.72 to $8.29 range into play.