#TopCoinsSeptember
The 20-day Exponential Moving Average (EMA) at $5.99 has reversed lower, and the RSI is in the negative zone, signaling that bears have the upper hand. Buyers are expected to defend the $4.44 level with all their might as a break below it will complete a bearish head and shoulders (H&S) pattern. The TON/USDT pair could then sink to $3.50.
Any recovery attempt is likely to face selling at the 20-day EMA. A break and close above the 20-day EMA will be the first indication that the bears are losing control. The pair could attempt a rally to $7.
This article does not contain investment advice or recommendations. All investment and trading involves risk, and readers should conduct their own research when making a decision.
