📉 TON/USDT 4H Analysis:
After breaking below the key support at 3.729, TON saw a sharp drop toward 2.849, where it found a strong bullish reaction. A short-term bullish correction is currently underway, but resistance at 3.3–3.4 and the 200 EMA may limit further upside. If TON fails to break through, it could retest 2.849 or drop to the 2.505 demand zone. For a true bullish reversal, a confirmed breakout and consolidation above 3.729 is essential.
After breaking below the key support at 3.729, TON saw a sharp drop toward 2.849, where it found a strong bullish reaction. A short-term bullish correction is currently underway, but resistance at 3.3–3.4 and the 200 EMA may limit further upside. If TON fails to break through, it could retest 2.849 or drop to the 2.505 demand zone. For a true bullish reversal, a confirmed breakout and consolidation above 3.729 is essential.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.