$TON

TON Price Analysis

The recent trend of TON has been a bit tangled! Bears have frequently acted near the moving averages, pushing the price down, and there seems to be no clear direction in the short term.

Moving averages are flat, short-term volatility is the main focus

Currently, the 20-day moving average ($5.84) is almost flat, and the RSI is hovering around the midpoint, indicating that the forces of bulls and bears in the market are basically balanced. In this case, TON is likely to maintain a range-bound volatility pattern.

Key Counterattack Point for Bulls

If the bulls can exert force and push the price above $6, it may open up upward space, with targets looking towards $6.50 and $7 sequentially. However, the $7 level is a strong resistance, and it is expected that the bears will defend it vigorously, so the bulls may need several attempts to break through.

Downward Target for Bears

If TON fails to hold the current support, the price may test the key support level of $4.77 downwards. If this area is broken, it could trigger a larger decline, and the bears' target may look towards even lower levels.

TON currently has relatively balanced forces between bulls and bears, with a short-term volatility pattern as the main focus. The key points are $6 and $4.77. Brothers, take your time and seize the opportunity before acting!