TON/USDT Tests Key Support Levels, Will Bulls Defend?
$TON

TON/USDT is currently trading at $5.433, down by -2.18%, showing signs of a pullback after a recent rally. The price is now testing the support level around the VWAP at $5.469, with the 200-period moving average acting as resistance at $5.726.

The RSI stands at 41.50, suggesting the asset is in the lower end of the neutral zone. This implies that while the asset is not oversold, there may still be room for further downside movement before the buyers step in again.

The MACD shows a bearish crossover, with the MACD line at 0.052 crossing below the signal line at 0.099, and the histogram turning negative at -0.047. This indicates weakening bullish momentum and a potential for further downside.

Key support levels to watch are at $5.200 and $5.000. A break below these levels could push the price further down toward the $4.800 area.

On the upside, immediate resistance lies at $5.600, followed by stronger resistance at $5.750. A breakout above these levels could invalidate the current bearish bias and resume the uptrend.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.

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