$TON $TON The $TON /USDT pair is currently trading at $4.896, up 1.60% in the past 24 hours. The cryptocurrency has been consolidating in an upward channel for the past few days, with a recent break above the 24-hour high of $4.951. This suggests that the bulls are in control and that the price could continue to rise in the near future.
Support and Resistance Levels
Support: $4.791 (24-hour low), $4.560
Resistance: $5.147 (24-hour high), $5.203
Entry Signal
A long position can be considered at the current price of $4.896 with a stop-loss at $4.791 and a take-profit target at $5.147.
Additional Considerations
The Moving Averages (MAs) are all trending upwards, which is bullish for the price.
The 24-hour volume is also increasing, which suggests that there is strong buying interest in the market.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. Therefore, it is important to use stop-loss orders to protect your investment.#CryptoAMA #16thBTCWhitePaperAnniv #29thBNBBurn #NovCryptoOutlook #Write2Earn!