MARKET UPDATE: TON/USDT Drops 1.44%
TON, a Layer 1 token, has declined 1.44% in the last 24 hours to $4.714.
Key Metrics:
- 24h High: $5.149
- 24h Low: $4.542
- MA(7): $4.669
- MA(25): $4.800
- MA(99): $4.993
- 24h Vol: 8.31M TON, 38.55M USDT
Technical Analysis:
TON's price breaks below $4.669 support, indicating bearish momentum.
Market Sentiment:
Tether's AED-pegged stablecoin launch on TON boosts adoption, but short-term market sentiment weighs.
Support Levels: $4.542, $4.515
Resistance Levels: $5.149, $5.081
Notable Developments:
- TON's Layer 1 solution enhances scalability
- Tether's AED-pegged stablecoin launch
- Ongoing market fluctuations
Monitor TON's price movement and market sentiment.
#TON #PensionCryptoShift #USElections2024Countdown #NovemberMarketAnalysis
Additional Insights:
- Moderate trading volume indicates stable market interest
- MA(7) and MA(25) crossover confirms bearish trend
- TON's potential for further downside
Stay updated on TON's performance.
_Trading Recommendations:_
- Sell: $4.714-$4.669
- Target: $4.542-$4.515
- Stop-loss: $5.149
_Disclaimer:_ This is not investment advice. Trade responsibly.
_TON's Chart Patterns:_
- Downtrend below $4.669
- RSI (14) at 44.61, indicating neutral momentum
- MACD (12, 26) crossover suggests bearish signal
Adjust your trading strategy according to TON's price action.
