$TON

TON price analysis: weak rebound, bears start to control the rhythm?

TON previously rebounded from the $4.77 support level, and the performance of the bulls was once full of expectations. However, this rebound now seems to have encountered some trouble. Let's take a closer look at the current situation!

Bulls hope: Challenges of $6.50 and $7

The previous rebound was strong, and the price once broke through the moving average, which brought some hope to the market.

Ideally, TON has the opportunity to hit $6.50 or even $7, but the problem is that these two positions will become the "main battlefield" of the bears, and the defense pressure is very high.

Reality: Falling below the moving average, the bulls' short-term plan fails

The current price has retreated and fallen below the moving average, indicating that the bulls have failed to keep the initiative.

The bears are now in control of the situation, and they are likely to focus their firepower next to push the price to the support area of ​​$4.72 to $4.44. If this area is lost, the situation will be even more dangerous.

Operational advice: observe calmly and respond flexibly

Bull strategy: If the price returns to above the moving average, bulls still have a chance to turn around, with the target at $6.50. Stop loss must be set below the moving average to control risks.

Short strategy: After breaking below the moving average, short forces are accumulating, and pay attention to the movement of prices when they approach the support level. If it falls below $4.44, there may be a deeper callback opportunity.

Brothers, the key to TON at present is whether the support area of ​​$4.72 to $4.44 can be maintained. If the bulls are unable to fight back, the market may continue to be under pressure.