$TON has been gradually slipping toward the strong support zone between $4.72 and $4.44.
Buyers are expected to fiercely defend the support zone. If the price bounces off the support zone, the TON/USDT pair could reach the 20-day EMA ($5.57). The sellers will try to retain the advantage by halting the recovery at the 20-day EMA. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the pair below $4.44.
Contrarily, a break and close above the moving averages will suggest that the pair may remain range-bound between $4.44 and $7.20 for some time.
This Is Not An Investment Advise
