Toncoin Maintains Upward Momentum Approaching Key Resistance Levels
Toncoin (TON) has shown a steady increase since rebounding at $2.36, indicating strong investor confidence and market stability. Key points include:
- TON is maintaining upward momentum while approaching the $4.34 resistance level.
- A breakout above this resistance could lead to testing higher targets, including $6.13 and potentially its all-time high of $7.29.
- Technical indicators like MACD suggest bullish momentum, although increasing resistance may introduce volatility.
- Trading volume has risen over 10%, supporting the uptrend and indicating strong market participation.
Potential Risks
- If TON faces rejection at key resistance, critical support levels will be vital for assessing trend strength.
- The first major support level is around $2.36; a dip here could attract demand and stabilize prices.
- A breakdown below this level may shift momentum, leading to increased selling pressure and potential new lows.
