TON TECHNICAL ANALYSIS SEPTEMBER 28
Toncoin (TON)’s tight consolidation between the moving averages ended with a range expansion to the upside on September 27.
If buyers sustain the price above $6, the TON/USDT pair could accelerate to $7. The bears are expected to mount a strong defense at $7, but if the bulls do not give way to the bears, the upside move could extend to $8.29.
This bullish view will be negated in the near term if the price turns down sharply and breaks below the 20-day EMA ($5.63). The pair could then drop to the critical support at $4.44.
