Trade-Lean

TON Roars Back to $7: Analysis Unveils Future Moves

Long
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BYBIT:TONUSDT.P   TONUSDT Perpetual Contract
TON recovered strongly.

It is trading at the resistance and we may see a pullback.

A bullish break-out of $6.98 is required for TON to push higher towards $7.68.

Above $7.68, Toncoin will target $9 and is likely to move much higher.

A dip to below $6.40 will lead to a sideways price action and a slow decline towards $5.31.
Kommentar:
TON pulled back and found a support at $6.40.

As long as it is trading above $6.40, it is bullish and will be targeting the next significant resistances at $7.68 and $8.81.

Retracting below $6.40 could force a retest of foundational level at $5.31.

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