TON/USDT Weekly Analysis: Strong Bullish Trends Observed
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Support Level (MA 50): 4.37
Resistance Level: 5.98
Support Level (MA 100): 3.13
TON is showing strong bullish signs, with the price currently holding above the 50-day moving average, indicating a potential upward trend. The market has tested the resistance level at 5.98, and a breakout above this level could signal a continuation of the bullish run.
Market Insights: TON's blockchain technology continues to gain traction, making it a strong contender in the crypto space. The recent network upgrades and increased adoption have contributed to this bullish sentiment.
Trading Strategy Reminder: As always, remember to trade wisely. Ensure you have a solid risk management strategy in place before entering any trade. This includes setting stop losses and taking profits to protect your capital and maximise gains
Key Takeaway: Watch for potential breakouts above resistance levels and monitor the support levels closely to identify any changes in market momentum. Stay updated with the latest market news to make informed trading decisions.
WALKERS â€ïž
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