$TON Quick Update
Since hitting a high of $8.288, $TON has been struggling to find its footing, with sellers firmly in control. The Binance listing was expected to inject some bullish momentum, but the price action suggests indecision. The resistance at $6.144, which once served as support, is proving to be a tough barrier to break.
If $TON fails to hold above $5.821, we could see a further decline towards the $4.601 support level. However, if buyers can push the price above $6.144 with conviction, there’s potential for a recovery. The next target would likely be in the $7.00 to $7.50 range, where the descending trendline might come into play.
Traders looking to capitalize on this setup should keep a close eye on these critical levels. A breakout above $6.144 with strong volume could signal a reversal, while a dip below $5.821 may indicate more downside ahead. The coming days will be crucial in determining $TON's direction. Stay Attention.
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