Toncoin #TON recently faced a deviation at the $6.8 resistance level, but buyers have shown resilience. At the time of publication, the bulls were trying to consolidate the uptrend, and the indicators say that success is likely. Despite the pullback to $4.72 in early August, the daily chart confirms the bullish structure. An increase in volume (OBV) and an increase in RSI indicate a positive momentum.
Increased activity and social sentiment can support this trend. The breakdown of $6.8 on August 14 changed the market structure to bullish, interrupting a protracted sideways trend. Technical indicators and online activity indicate a good potential for further growth, although recent profit-taking activity requires caution.
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TON$TON
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Increased activity and social sentiment can support this trend. The breakdown of $6.8 on August 14 changed the market structure to bullish, interrupting a protracted sideways trend. Technical indicators and online activity indicate a good potential for further growth, although recent profit-taking activity requires caution.
#BecomeCreator
TON$TON
image