Toncoin (TON) has been trading below the moving averages, but the bears have not been able to push the price below the $4.72 support. This shows that selling dries up at lower levels.
TON/USDT Daily Chart | Source: TradingView
The bulls will try to push the price above the moving averages and start a recovery. If they can do so, the TON/USDT pair is likely to rise to $7. There is resistance at $6, but it is expected to be crossed.
Instead, if the price turns down from the moving average and breaks below $5.10, it will indicate that bears are still in control. The pair could then drop to the $4.72 to $4.44 support zone.
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