TON Bulls Eye $5.182 as Momentum Builds on the 1-Hour Chart
2024-11-09

Exciting developments in the  OKX:TONUSDT  market! The 1-hour chart is showcasing strong bullish momentum, with key technical indicators signaling potential upward movement. 

Traders should keep an eye on the critical resistance levels at $5.182, $5.235, and $5.259. A breakout above these levels could indicate sustained upward strength. The alignment of the 9-period and 20-period EMAs further supports this bullish trend, suggesting a healthy buying interest.

Additionally, the MACD is reflecting positive momentum, with the MACD line above the signal line, indicating continued buying pressure. However, caution is advised as RSI levels have entered overbought territory, which could signal a potential pullback.

For those considering short positions, the $5.182 resistance level may present an opportunity if rejection occurs. Monitoring support levels at $5.105 and $5.075 will be crucial for managing risk.