The recent surge in the price of $TON currency has garnered significant attention from traders and investors. Over the past few days, $TON has seen a price spike, reaching as high as $5.600. However, market analysts suggest that this upward trend might be nearing its end, with the critical support level of $5.400 coming into focus.
At present, $TON is hovering near this important price point. If it fails to hold above $5.400, market momentum could shift downward. A breakdown of this support could send $TON spiraling down to $5.259, a price level that many consider the next significant target for the coin.
These are critical hours for $TON, as the current price action will likely set the tone for its near-term future. A successful hold of the $5.400 support could allow for some consolidation or even another upward push. On the other hand, if this support gives way, we could see a significant drop, shaking investor confidence.
Given the volatile nature of the cryptocurrency market, the next few hours are crucial for $TON’s price trajectory. Traders will be watching closely, preparing to adjust their strategies based on how the market reacts to this pivotal support level. Whether $TON can maintain its current value or experiences a substantial correction will soon be determined.
