TON/USDT is currently trading around $5.379. Here’s a breakdown based on the chart:
Key Levels:
$7.271: This is the target for TON, representing potential resistance and a likely point for profit-taking if the price reaches this level. This would signify an approximate 40.5% gain from the current price.
$5.981: An intermediate resistance level that TON must overcome to continue its upward trend toward the $7.271 target.
$5.00 - $4.80: These green shaded areas represent support zones. In the event of a pullback, buyers may enter around these levels to provide support and prevent further decline.
Price Movement:
The chart indicates a potential bullish trend with a rally towards the $7.271 target. This path may involve some consolidation or minor pullbacks before the upward movement continues. It looks as though TON might test the $5.981 resistance level. If TON can break through and sustain above this level, it would increase the likelihood of reaching the $7.271 target.
Market Sentiment:
The recent breakout above support levels suggests rising buying interest, which may signal a shift toward a bullish sentiment for TON. If this trend persists, TON could reach the $7.271 target before the end of the year. However, traders should keep an eye on price action around the $5.981 resistance level.
Conclusion: Based on this technical analysis, TON has the potential to rally to $7.271, a 40% gain, if it can break through intermediate resistance levels. However, rejection at key resistance levels or a dip below support zones may slow down the upward momentum.
Key Levels:
$7.271: This is the target for TON, representing potential resistance and a likely point for profit-taking if the price reaches this level. This would signify an approximate 40.5% gain from the current price.
$5.981: An intermediate resistance level that TON must overcome to continue its upward trend toward the $7.271 target.
$5.00 - $4.80: These green shaded areas represent support zones. In the event of a pullback, buyers may enter around these levels to provide support and prevent further decline.
Price Movement:
The chart indicates a potential bullish trend with a rally towards the $7.271 target. This path may involve some consolidation or minor pullbacks before the upward movement continues. It looks as though TON might test the $5.981 resistance level. If TON can break through and sustain above this level, it would increase the likelihood of reaching the $7.271 target.
Market Sentiment:
The recent breakout above support levels suggests rising buying interest, which may signal a shift toward a bullish sentiment for TON. If this trend persists, TON could reach the $7.271 target before the end of the year. However, traders should keep an eye on price action around the $5.981 resistance level.
Conclusion: Based on this technical analysis, TON has the potential to rally to $7.271, a 40% gain, if it can break through intermediate resistance levels. However, rejection at key resistance levels or a dip below support zones may slow down the upward momentum.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.