TON/USDT at Resistance: A Breakout or Consolidation?
$TON

The TON/USDT pair is facing a key resistance zone near $5.34, marked by the VWAP and a descending 200-period Moving Average. Despite recent bullish attempts, the price remains below these levels, indicating a lack of strong buying conviction.

The RSI indicator stands at 46.68, which is below the midpoint, suggesting neutral to slightly bearish momentum. The MACD also shows a struggle, with the signal line still below zero, implying that upward momentum is weak.

Cluster analysis shows that the price is consolidating in a support zone between $5.00 and $5.40, indicating a potential range-bound movement. A break above the 200-period MA and VWAP with significant volume could signal a shift to bullish momentum.

Alternatively, failure to break above these resistance levels might lead to a retest of the lower support around $5.00, especially if selling pressure increases.

Disclaimer: This analysis is for educational purposes and should not be considered financial advice. All trading involves risk, and you should perform your own research before making investment decisions.

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