$TON

It has risen above the moving averages on November 21, indicating that the bulls are attempting to form a higher low.

The 20-day EMA ($5.30) is gradually sloping up, and the RSI is in positive territory, indicating an advantage for the buyers. The TON/USDT pair could rise to the overhead resistance at $6, a key level for the bears to defend because a break and close above it could propel the pair to $7.

If the bears want to regain control, they will have to pull the price below the moving averages and challenge the support zone at $4.72 to $4.44.