TONUSDT| BATTLES KEY RESISTANCE AFTER SHARP DOWNTREND
2025-02-11
Category: None

The Toncoin/USDT chart on the 4-hour timeframe shows a market that recently broke out of a sideways consolidation, leading to a strong bearish move. The price sharply dropped, breaking below a key uptrend line, signaling a shift in momentum as sellers took control. However, support near $3.676 has held so far, leading to a period of stabilization.

Now, the price is attempting a recovery, but resistance at $4.586 remains a key hurdle. We expect the bulls to manage to break above this level, further upside movement could follow, possibly targeting $4.999. On the other hand, failure to do so might lead to renewed selling pressure, with potential retests of the support zone or lower levels.

Tendency Keys: 3.676
Resistance Line 4.586, 4.999, 6.007
Support Line: 3.676, 2.860, 2.486