TONCOIN Technical Analysis in a 3-Day Timeframe
2024-10-05

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Now, let’s dive into this chart analysis:

TON is in a downtrend and currently trading below the 21 EMA, indicating the potential for a further bearish scenario.

The chart suggests a continued drop towards the support trendline, which could be considered a good entry point for TON.

For a bullish reversal, TON must break above the 21 EMA, either from the current price or after reaching the support line.

In a worst-case scenario, we have a lower support at $2.57, which could help hold the price.

Key levels:

- Primary Resistance: $5.77.
- Support/Entry Range: $4.08-$4.80.
- Target: $10-$12.
- Lower Support: $2.57.

DYOR. NFA.

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