📈$TON (4H)
Analysis:
Is TONUSDT on the brink of a major move? The support zone at $5.017 is a critical point as TON breaks out of a descending channel. If the price sustains momentum at this support, we can expect a potential bullish move. Keep an eye out for a strong bullish engulfing candle, indicating upward momentum.
Price Targets:
Immediate resistance lies at around $5.20. If this level is broken, the next internal resistance is at $6.00, with a strong resistance zone at $6.80 to $7.00. Conversely, if the price falls below $5.00, the bullish outlook might be invalidated, potentially leading to lower demand zones. Stay tuned for potential momentum shifts!
