Toncoin Price Analysis
Toncoin
TON
tickers down
5.66 €
bounced off the support at 4.72 dollars on December 20, indicating that the bulls are active at lower levels.
The relief rally has surpassed the moving averages, indicating sustained buying by the bulls. The TON/USDT pair could rise to 6.50 dollars and then to 7 dollars, where a strong defense by the bears is expected.
This positive outlook will be invalidated if the price retraces and breaks below the moving averages. The bears will then attempt once again to push the pair below the support zone of 4.72 to 4.44 dollars.
