$TON Price Dips After Major Surge – Is a Rebound on the Horizon? 🚀🔍
The TON/USDT pair recently experienced a significant pullback, dropping to $5.291, down 1.76% from its previous close. After peaking at $7.269, TON has faced selling pressure, bringing it down close to the $5.03 support level.
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Key Moving Averages (MA) signal bearish momentum, with the 25-day MA at $5.751 and the 99-day MA at $6.387, both above the current price, indicating a downward trend. However, the 7-day MA is holding closer to the current price at $5.418, suggesting potential stabilization.
With trading volumes tapering off after a surge, the market is watching closely to see if TON can maintain support around the $5.03 level or if further declines are ahead. Bulls are looking for a recovery above the $5.739 level to regain confidence, while bears might eye a deeper correction if selling persists.
Stay tuned for the next moves—TON could be setting up for either a major recovery or another leg down.
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