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TON Roars Back to $7: Analysis Unveils Future Moves
TONUSDT Perpetual Contract
Long
TON Roars Back to $7: Analysis Unveils Future Moves
By Trade-Lean
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Updated
May 17, 2024
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May 12, 2024
TON recovered strongly.
It is trading at the resistance and we may see a pullback.
A bullish break-out of $6.98 is required for TON to push higher towards $7.68.
Above $7.68, Toncoin will target $9 and is likely to move much higher.
A dip to below $6.40 will lead to a sideways price action and a slow decline towards $5.31.
May 17, 2024
Note
TON pulled back and found a support at $6.40.
As long as it is trading above $6.40, it is bullish and will be targeting the next significant resistances at $7.68 and $8.81.
Retracting below $6.40 could force a retest of foundational level at $5.31.
Beyond Technical Analysis
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