$TON

It fell sharply on December 9 and fell near the $4.72 to $4.44 support zone, indicating profit booking by the bulls.

The 20-day EMA ($6.28) has started to turn lower, and the RSI is near the midpoint, suggesting the bears have a slight edge. If the price turns down from the 20-day EMA, the possibility of a break below the 50-day SMA ($5.64) increases.

Conversely, a break and close above the 20-day EMA will indicate demand at lower levels. TON/USDT could rise to $7.20, where bears are expected to enter.