The bears are trying to strengthen their position by pulling Toncoin
$TON
Average Support level : $4.87 below the immediate support at $5.
If they do that, the TON/USDT pair could slide to the $4.72 to $4.44 support zone. This is a crucial zone to watch out for because a break and close below it will complete a bearish head-and-shoulders pattern. The pair could then start a downtrend to $3.50.
On the contrary, if the price rebounds off the support zone, it will suggest demand at lower levels. A break and close above the moving averages will indicate that the bulls are on a comeback.
