$TON
Today we saw a classic inverted V pattern; the key level to watch is around 1.88. This recent wave started a bounce from 1.7, peaking close to 2.2 before quickly retracing to around 1.9.
The bulls' retreat after the surge is happening at lightning speed, and the volume-price action doesn't look healthy. There's a high probability that this is just a trap for the bulls, not a real trend reversal.
At this stage, if we break below the 1.88 level, it would signify that this pump-and-dump has failed, and the bears will regain control.
Additionally, overall market interest in #TON has noticeably declined. There’s no big money entering, no hot catalysts, and no ecosystem benefits continuing to brew.
Without clear money rotation signals like we saw with SAGA, ecosystem projects are advancing slowly, community interest is fading, and without external bullish stimuli, it's tough to expect a solid bullish trend based solely on technical rebounds. Personally, I lean more towards a bearish trend.
Today we saw a classic inverted V pattern; the key level to watch is around 1.88. This recent wave started a bounce from 1.7, peaking close to 2.2 before quickly retracing to around 1.9.
The bulls' retreat after the surge is happening at lightning speed, and the volume-price action doesn't look healthy. There's a high probability that this is just a trap for the bulls, not a real trend reversal.
At this stage, if we break below the 1.88 level, it would signify that this pump-and-dump has failed, and the bears will regain control.
Additionally, overall market interest in #TON has noticeably declined. There’s no big money entering, no hot catalysts, and no ecosystem benefits continuing to brew.
Without clear money rotation signals like we saw with SAGA, ecosystem projects are advancing slowly, community interest is fading, and without external bullish stimuli, it's tough to expect a solid bullish trend based solely on technical rebounds. Personally, I lean more towards a bearish trend.