TON → One step away from a rally. Trying to change the trend

14 thg 11, 2024

TONUSDT is coming out of a prolonged consolidation, but only one action separates us from the distribution phase. The bitcoin rally is favorable for many altcoins....

In my opinion, TON is a rather undervalued project that has a fundamentally significant base (many altcoins cannot boast of this).
Technically, the consolidation lasted for almost 9 months and, consequently, this energy should be used somewhere. The exit of the price from the accumulation begins to show us in which direction the distribution is likely to go.
The focus is on 5.420 and 5.150. If the bulls hold their defenses above this zone, the coin could show a flight to the moon in the long run. But don't look at cryptocurrencies with rose-colored glasses, assess the situation relative to the risks!

Resistance levels: 5.420, 6.133
Support levels: 5.151, 4.51

The price is breaking the resistance of the bullish pattern (descending wedge or descending triangle), we have to wait for confirmation that the trend change will be true. The fight for 5.420 continues. Let's keep an eye on this zone ;)

Rate, share your opinion and questions, let's discuss what's going on with ★ TONUSDT ;)

Regards R. Linda!

2 thg 12, 2024

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