CandleFocus Will TON Hold Support or Break Through Resistance? Traders Are Watching
2024-11-13
Author: Content Editor
The indigenous coin of the TON blockchain, TON, is currently testing a major resistance level. Breaking above this level could indicate a reversal or start of an upward movement, while failing to penetrate it may result in a drop in price. Technical target predictors are closely watching this level as it could determine the direction of TON. If the resistance is broken, it could lead to a rally and attract bullish activities. However, if TON fails to hold above the resistance, it may return to the $4.5-$4.7 support range. The next few days are crucial in determining TON's response at this resistance level. The price fluctuations of TON are also influenced by market conditions in the cryptocurrency industry. Traders are looking for bullish signals if the price breaks the downtrend resistance, but a break of the resistance could lead to a test of the support region.
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