$TON — PRICE ANALYSIS AND PREDICTIONS 🚨🚀

Toncoin (TON) Price Analysis

Toncoin (TON) is looking to push back above $6 as buyers attempt to reverse its recent decline following its failure to move above the price level. DOT was quite bullish during the previous week as it looked to push above $6, going above the 50-day SMA on Thursday when it rose to a day high of $5.94. However, strong selling pressure pushed the price back below the moving average, as TON settled at $5.78. TON finally broke past the moving average on Friday when it registered a jump of 3.59% and settled at $5.98. Buyers also attempted a push above $6 but could not do so, thanks to strong selling activity

As a result, TON fell into the red over the weekend, dropping by 1.47% on Saturday and 1% on Sunday to settle at $5.84. Selling pressure continued on Monday as TON dropped by 2.17% and settled at $5.71. The current session sees TON up by just over 2% as buyers look to retest the resistance at $6. If TON can push above this level, we could see the price move towards $6.50. On the other hand, a reversal could see TON drop to $5.50

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