The price of Ton is stagnant at $5,804, with mixed market signals, and the price has fallen by 9.26% in the past week. Despite a weak 0.52% recovery, there is still bullish potential, especially with the formation of an inverted head and shoulders pattern, which is a classic bullish signal. If the price breaks through the neckline, it may confirm the bullish trend and target $5,804. However, the market sentiment is not clear at the moment, and liquidation data shows that long and short positions are relatively balanced. If it fails to trigger larger short liquidations, the price may fall back to $5,139. In addition, the recent large-scale withdrawal of Toncoin shows that traders tend to hold, which may enhance bullish sentiment if this trend continues
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TON
5.181
-3.15%
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