💡 Quick technical analysis:
✅ Sharp fluctuations! After a strong launch breaking the 3.50 level, the price saw a swift decline, indicating a strong battle between buyers and sellers.
✅ Testing a key support! The price is now touching an important support area at 3.11, which is a previous fluctuation area. The price holding here may be the key to the next move.
⚠️ Indicator of profit-taking! The quick rejection from the recent peak and the consecutive drop shows selling pressure. Traders are cautiously watching to see if buyers will step in to defend this level.
🚀 Expected scenario:
If the price manages to strongly bounce from the 3.10 - 3.12 support, this may be an opportunity to return and target the 3.30 area as the first resistance. However, if this support is broken, the price may head to test the important psychological level at 3.00.
🔥 Is it an opportunity to catch the bottom?
These violent fluctuations often create interesting entry points. Is this drop an opportunity to buy at better prices before resuming the rise, or a signal for more caution? The battle is fierce now! 🌊
📢 Share your opinion! Do you expect TON to bounce back from these levels or will it continue its downward journey? 🚀👇
💎 Hit like and share the analysis if you believe in the strength of the Toncoin project in the long term!
