The bulls are struggling to sustain Toncoin (TON) above the breakout level of $6.74, which shows a lack of selling pressure at lower levels.
The bears will try to stall the rally at the 20-day EMA ($6.9), but if the bulls succeed in breaking above it, the next target could be the 50-day SMA ($7.30).
This means that the price might trade in a wide range between $6.36 and $8.19.
The bullish outlook in the short term will be negated if the price turns down from the current levels or the 20-day EMA and breaks below the $6.36 support.
In this case, the TON/USDT pair might drop to $6 first and then further to $5.40. #Toncoin $TON #io项目