TON GOES UP 
2024-12-07

This chart provides a weekly overview of TON/USDT with important price levels and indicators:

Key Observations:
Current Price:

The trading price is $6.8810, with a slight increase of +1.24%.
Resistance and Support Levels:

Resistance: $8.2255 (purple line at the top).
Key supports: $6.1420, $5.7424, $5.4394, $5.2415, $4.7675, $3.6183, $2.3321.
The price is currently moving toward resistance after a significant recovery.
Moving Averages (MA):

The chart shows multiple moving averages (20, 50, 100, and 200 periods).
The price is trading above all major MAs, signaling bullish momentum.
MACD Indicator:

The MACD (blue) has crossed above the signal line (orange), indicating a bullish crossover.
Histogram bars are turning green, suggesting upward momentum.
Trend Analysis:
Bullish Momentum: The price is steadily climbing and remains above major support levels, supported by the bullish MACD crossover.
Key Level to Watch: If the price breaks $8.2255, it could lead to a strong upward rally. However, failure to break resistance may cause a pullback to the $6.14 support.
