đ¨ Toncoin Price Analysis đ¨
Toncoin (TON) remains pinned below the moving averages, indicating that the bears are not allowing the bulls to make a comeback.
đ Current Price Action
If the price slips below $5.10, the TON/USDT pair could sink to the $4.72 to $4.44 support zone. The bulls must defend this level because a break below it will complete a head-and-shoulders pattern. This negative setup could start a down move to $3.50.
đ Potential Bullish Reversal
The first sign of strength will be a break and close above the moving averages. That could push the price to $6. Buyers will have to overcome this barrier to start a move to $7, which is again expected to act as strong resistance.
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