TON Price Analysis

Toncoin (TON) has plunged more than 11% in the past 24 hours, breaking below its 50-day moving average and the key $7 level. TON had been performing quite strongly at the beginning of the week, in line with the rest of the market. On Tuesday, TON reached $8.09, but sellers pushed the price lower on Wednesday, with TON falling back below $8 to $7.91. On Thursday, TON fell nearly 10% and broke below its 20-day moving average to close at $7.14, just above its 50-day moving average, which acted as support. However, TON has fallen below its 50-day moving average in the current trading session as bears have pushed the price below $7. TON is currently trading at $6.59, down nearly 8%.  

From the price chart we can see that TON had fallen to an intraday low of $6.38 before climbing to its current level of $6.58, indicating demand at lower levels. If TON recovers during the current trading session, it will have to revisit the $7 level to sustain a sustained recovery. The continuation of bearish sentiment could push the price to $6.

#MiCA #TON生态 #德国政府转移比特币 #BTC走势分析 #Mt.Gox将启动偿还计划

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