$TON Price Analysis: Weak Rebound, Bears Taking Control? 🐻

TON's previous rebound from the $4.77 support level had investors hopeful. However, the rebound now seems to be losing steam. Let's dive into the current situation! 🤔

Bullish Hope: Challenging $6.50 and $7 🚀

The previous rebound was strong, with prices breaking above the moving average, bringing some hope to the market. Ideally, TON could challenge $6.50 and even $7, but these levels will likely be fiercely defended by bears. 🐻

Current Situation: Falling Below the Moving Average, Bullish Plans Foiled 📉

The current price has retreated and fallen below the moving average, indicating that bulls have lost control. Bears now have the upper hand and may focus on pushing prices down to the $4.72-$4.44 support area. If this area is breached, the situation could become even more dire. 😬

Trading Advice: Stay Calm and Adapt 🤝

Bullish Strategy: If prices rebound above the moving average, bulls may still have a chance to turn the tide, targeting $6.50. Set stop-losses below the moving average to control risk. 📈

Bearish Strategy: With prices falling below the moving average, bearish forces are gathering. Watch for price action near the support area. If $4.44 is broken, a deeper correction may be on the horizon. 📉

The key to TON's future lies in whether the $4.72-$4.44 support area can hold. If bulls fail to counterattack, prices may continue to face downward pressure. 💸

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