Technical Analysis of TON/USDT - 4 Hour Time Frame for Short-Term Traders
Current Price: $3.070
Daily Change: +0.85%
Highest Price in 24 Hours: $3.101
Lowest Price: $3.016
Overview: The TON coin has started to show positive reversal signals after a corrective move from the previous peak at $3.589, as the price bounced from the support area near $3.00 and promising bullish candles formed near the lower Bollinger Band.
Technical Indicators:
MACD indicates a slowdown in negative momentum with a potential positive crossover approaching.
Bollinger Bands show an attempt to break the lower bound, which may indicate the beginning of a rebound wave.
Expected Price Targets if the Upward Momentum Continues:
Target 1: $3.176 (Sub-resistance)
Target 2: $3.324
Target 3: $3.472
Target 4: $3.589 (Previous Peak)
Nearby Support:
$3.00 (Breaking it opens the door for a retest of $2.88)
Expected Scenario: If it remains above $3.00 and breaks above $3.10, we may witness acceleration towards the target levels, supported by improved technical indicators and a decrease in selling volume.