TONUSDT Potential up trend continuation after correction
2024-10-04

TONUSDT bounced off the psychological level at 6.00 and is now heading toward the support level near 5.00. A significant bullish divergence has formed on the 1H timeframe, increasing the likelihood of a bounce off the support level and the downward trendline. The market may enter an accumulation phase between the 6 and 5 levels. With bearish momentum fading, the price could rebound. The target is the resistance zone at 5.670