CandleFocus Toncoin (TON) Escapes 41% Crash, Aims at Reclaiming $6
2024-09-15
Author: Content Editor
Toncoin (TON) has narrowly avoided a 41% price drop and is now showing potential for an upward trend. The market indicators and the fact that TON holders are not taking profits indicate a positive outlook. From a technical perspective, the Moving Average Convergence Divergence (MACD) indicator suggests a potential price uptick. The current market sentiment is stable, with low selling pressure. If the bearish head-and-shoulders pattern is invalidated and TON can breach the $6.04 level, it could aim for $7.09. Failure to reclaim $6.04 could trigger a retracement to $4.80 and further downward pressure.
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