TON surge prediction: Can it break through the $10 mark?

The recent price surge of Telegram-backed TON, which hit a high of 8.15 before falling back to 7.60, has attracted widespread attention in the cryptocurrency market. The mixed signals of technical indicators, both bearish and bullish, have left retail investors on pins and needles, wondering whether this is just a short-lived carnival or the prelude to a big explosion.

At the time of takeoff, the Cup and Handle indicator pattern began to emerge, but TDS issued a warning to investors to pay attention to market volatility. Sell signal on TD Sequential indicator Due to the emergence of this signal, the price of TON may adjust in the next one to four trading days.

For retail investors who expect a price correction, Fibonacci retracement levels may provide them with some psychological support. These levels are like a safety net for the market, providing a buffer for TON's decline. Specifically, when the price falls back to $7.44, $7.29, and possibly $7.18, these support levels will come into play.

On the other hand, a bullish "Cup and Handle" pattern is forming in the market. This pattern usually appears after a period of consolidation and is seen as a positive sign of market growth. The emergence of this pattern suggests that after the previous consolidation, TON's upward trend is likely to continue.

In addition to observing the market pattern, Clay also set some ambitious price targets. Based on the calculation of the "Cup and Handle" pattern, he predicted that TON will reach an impressive 10.50, and even set a higher target of 11.60. This prediction not only shows Clay's firm confidence in the future trend of TON, but also reflects his keen insight into market trends.

An early evangelist in the currency circle, a personal top has established an investment research team for several years, and shared the ideas of spot currency hoarding, rolling warehouse strategies, and 100-fold currency selection with fans in the bull market.

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