šØ $TON /USDT Poised for a Breakout ā Key Levels in Focus! ā”šÆ
$TON (TON/USDT) has shown a modest gain, currently trading at $4.923 with a +2.07% increase in the last 24 hours. With $TON holding above critical support levels, traders are watching closely for a potential breakout as it approaches resistance zones. Hereās a detailed look at TONās setup and the levels that could define its next move.
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Moving Averages & Key Indicators
1. MA(7): 4.925 ā Immediate resistance; breaking above this could strengthen bullish momentum.
2. MA(25): 4.916 ā Short-term support, offering a base for a possible upward push.
3. MA(99): 5.061 ā Major resistance; crossing above this could confirm a bullish reversal.
These moving averages are providing crucial guidance, with TON testing the 7-hour moving average. A clean break could be the catalyst for further gains.
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Price Targets to Watch for TON/USDT
šÆ Target 1: $5.000 ā Psychological resistance level; a break here could lead to a bullish confirmation.
šÆ Target 2: $5.171 ā Key resistance, attracting additional buyers if reached.
šÆ Target 3: $5.211 ā The upper stretch target, signaling a strong upward rally if breached.
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Caution: If TON drops below $4.900, it may retest the support at $4.800, indicating a possible consolidation phase. Keep an eye on these levels for confirmation of trend direction.
Stay updated as TON navigates these critical points, with the potential for a significant breakout!
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