TONUSDT Price Dynamics Leading Up to the Anticipated Altseason
Updated
TONUSDT has rebounded from its support level and is now hovering just below the significant psychological barrier at 6.00. The market currently finds itself in an accumulation phase, and a break above this crucial level could ignite a bullish rally. This signals the possibility of the market preparing for the next altseason. The price is also forming a compression pattern, resembling an ascending triangle. The rising trendline underneath has held as support for about a week, and if the price retests both the support and the trendline, I expect a bounce followed by a continuation of the upward move. My target lies within the resistance zone at 6.180.
Trade closed: target reached
target reached
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