$TON Analysis !!
đ **TON/USDT Analysis: Is a Breakdown Coming?**
TON is currently trading at **5.506 USDT**, down **3.45%** in the last 24 hours, with price action below key moving averages (MA 7, 25, 99) signaling **bearish momentum**. The recent sell-off, supported by high trading volumes, shows strong selling pressure in the market.
đ **Key Levels**:
- **Support**: Watch **5.459 USDT**âa break below this level could accelerate the decline.
- **Resistance**: Sitting at **5.724 USDT**, but with market sentiment leaning bearish, a recovery to this level seems unlikely without significant buying volume.
đĄ **Entry Strategy**: Traders should look for price action at the support levelâif it holds, a bounce could offer a potential long opportunity. However, a break below **5.459** may present short-selling opportunities for those eyeing lower targets.
Stay cautious, and trade with the trend!
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