TON Analysis on a Weekly Chart.

TON Price Update

Hello Traders,

TON is currently in a downtrend and is approaching its support zone. The range between $2 and $3 presents a good accumulation opportunity, as both the horizontal support and the support trendline align within this area. The RSI is showing positive signs and may soon form a bullish divergence, indicating a potential shift in momentum.

Strategy:
~ Accumulate/DCA: $2 – $3
~ Target: $6 – $8
~ Invalidation: Weekly close below $2
~ Trade Type: Spot

Note: It is advisable to conduct your own research and analysis before investing.