The latest actions of $TON around support zones have caught the eyes of @DAO Labs and its #SocialMining community once again, considering how @Ton Network forms an increasingly tight accumulation zone. The market is yet to decide but the outlook of $TON is strong.
The asset has been in possession of an important technical area following the retracement witnessed last week which implies that price action is no longer reactive and is rather tactical. Accumulation in this support zone indicates latent demand and an indication of market participants starting to accumulate positions in expectation of an improved tone. The continued state above this level would make the targeting resistant zones to be more likely in medium term.
The price of $TON could test the following levels again in case of downside pressure that will arise due to adverse macro or sector-wide volatility. But this would be perceived as an opportunity rather than a weakness sign apart form long term participants whose aim involved reducing average costs.
The peculiarity of the #TON ecosystem is the data-driven approach and community-oriented approach through the #TCHub . In the framework of Social Mining in DAO Labs, contributors evaluate structure, sentiment and engagement metrics, in a very active way - the type of collective intelligence that is not only a boon to strategic decision-making. Real alpha in the world of technical neutrality consists in maintaining observation and keeping your response disciplined.
