TONCOIN Technical Analysis in a 3-Day Timeframe

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

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.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE