Ton Coin price analysis

The price of ton coin (TONNE) has been steadily rising. The pricing has been locked for the previous few days at $6.77 and $8.29.

On July 5, the TON/USDT pair began a strong recovery from $6.36, but it encountered significant selling pressure close to the 20-day EMA ($7.42). This suggests that bear activity is at an elevated level. The $6.77 to $6.36 support zone is unlikely to be relinquished by the bulls without a fight. The bulls will once more attempt to move the pair towards the range's resistance if the price breaks out of this zone and moves above the 20-day EMA.

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