$TON Approaching Key Resistance – Momentum Building!
$TON is currently trading at $5.387, up 1.55% after a recovery from its 24-hour low of $5.272 to a high of $5.449. The price is nearing a key resistance level, with RSI at 54.31, suggesting moderate bullish momentum.
Key Levels to Watch:
Resistance Levels (Targets):
1. $5.449
2. $5.520
3. $5.600
Support Level: $5.270
Market Insight:
A breakout above $5.449 could drive $TON toward $5.520 and possibly $5.600 if the bullish momentum continues. Conversely, if $5.270 fails as support, a pullback toward lower levels may occur. Keep an eye on volume for confirmation of the next move.
Pro Tip: Enter trades on breakout confirmations with a stop-loss below $5.270 for effective risk management.