It has been a bear market near such a cash point, but the structure has been kept together due to continued knowledge provided by the #SocialMining lab members at @DAO Labs and the @Ton Network network. The analysis made last week indicated the further building up of the price above the support line and that is what seems to be happening.
Although we can see a wider pullback in the markets in response to the headlines seen in the world, so far, the $TON is yet to breach its accumulation base. The case of positive direction gains force when the pressure resides and the volume goes again to risk markets. The orange resistance area still represents a major test point, a point that can be approached readily with better sentiment in place.
On other hand, any improvement is not guaranteed, and in case the uncertainty continues and the market remains weak, the support levels can be tested again. But retracement of this kind might very readily turn into a second bottom - an opportunity instead of a collapse. The trick is in the length of time that the token will have relative strength in these regions.
The #TCHub members in Social Mining framework in #DAOLabs are exchange their technical prospects and community-based views regarding the progress. The community-driven analysis calls upon the transition of communal signals to collaborative and reputation-based contributions that enhance the engagement as well as literacy in the Web3 setting.
Such levels of stability establish $TON as an essential chart to watch as the situation changes.
