Technical Analysis of TON: Cup and Handle Pattern Suggests Potential Breakout6
I came across an insightful analysis by CobraVanguard regarding the price action of TON/USDT. According to the chart, the price appears to be forming a classic "cup and handle" pattern, a bullish technical formation that often signals a continuation of upward momentum. If this pattern plays out, we could potentially see a breakout once the handle forms and resistance is broken, leading to significant price appreciation.
The chart indicates that, with the cup and handle pattern taking shape, the next targets for TON could range between $9 to $11, as suggested by the price projections on the chart. This would mark a significant move from current levels and could offer an excellent opportunity for traders and investors.
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