TONCOIN: $10 Possible!
2024-09-21

Hello traders,

I hope you all are doing well.

TONCOIN is under a rising wedge pattern and is leaning toward the support trendline. It would be a 30% drop if TON reached the support trendline of $3.8.

This range is a good accumulation zone for TON. If we can get TON at the price point of the lower support of $2.56 then it will be awesome.

With the current price of TON at $5.5, a breakout above the 50 EMA resistance will likely invalidate the drop and the price could seek for a higher rally.

In the end, whether TON starts to rally from CMP or the lower support, the target of $10-$12 is inevitable.

Important points:

- Current Struggle: $50 EMA resistance, rejection is likely.
- Accumulation Range: $3.8-$.
- Lower Accumulation Range: $2.56.
- Target: $10-$12.

I hope you find this update helpful. Make sure you do your research and analysis before making any decision.

Regards,
Team Dexter

#cryptocurrency #TON 