The TONUSDT pair is currently in a downtrend with significant support and resistance levels identified at $4.688 and $7.677 respectively. The next price movement will likely depend on whether the price can hold above the $4.688 support level or break below it. Traders should watch these key levels closely to gauge future price action.
Recommendation:
For Bearish Scenario: Consider short positions if the price breaks below the $4.688 support level, targeting the next support at $3.34.
For Bullish Scenario: Look for long positions if the price holds above $4.688 and starts to show upward momentum towards $7.677.
