From $6 to $7 or $5? TON Keeps Us Guessing!
Toncoin is currently dancing in the range zone where the price action will likely remain slow and choppy.
1. If we see a dip and bounce from $5.89, followed by a climb above the $6.30 mark, it could signal that the bulls are warming up for a rally. A break past the descending trendline might just set the stage for an upward march toward $6.45, with the ultimate prize being $7.23 (Dashed and Solid Green Projections).
2. On the flip side, if $5.89 cracks under pressure, we could be witnessing more bearishness short-term. And if the bears really sink their claws in, a dip toward $5.10 might be on the cards (Red Projection).
For now, the chart is hinting that patience is the name of the game. Keep an eye on those levels, and let the market tip its hand before making any moves. The setup is as straightforward as it gets: adapt and react!
1. If we see a dip and bounce from $5.89, followed by a climb above the $6.30 mark, it could signal that the bulls are warming up for a rally. A break past the descending trendline might just set the stage for an upward march toward $6.45, with the ultimate prize being $7.23 (Dashed and Solid Green Projections).
2. On the flip side, if $5.89 cracks under pressure, we could be witnessing more bearishness short-term. And if the bears really sink their claws in, a dip toward $5.10 might be on the cards (Red Projection).
For now, the chart is hinting that patience is the name of the game. Keep an eye on those levels, and let the market tip its hand before making any moves. The setup is as straightforward as it gets: adapt and react!
Заметка
As per TradeLean projections, Ton declined towards $5.89. This support has to hold, otherwise we see more bearishness towards $5.10.Заметка
Toncoin has turned bearish on the 4-hour chart, with bears in control. It is likely to move toward the next key support zone around $5.10.
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