Many fans have asked me if it's possible to chase TON after such a sharp rise.
TON has achieved a 66% increase in the last three weeks and currently shows a trend independent of other markets. This significant upward trend is reflected in the daily chart, indicating a bullish market structure.
In the price range of 3.80-3.90, the trading volume of TON reached approximately 600 million, indicating a high level of market activity in this price range. However, it is important to note that trading volume does not directly determine price trends; it merely reflects the level of market activity and the willingness of buyers and sellers.
As for future price trends, the maximum resistance levels are currently at 4.40-4.50 and around 4.8. These resistance levels present significant challenges that TON's price must face for further upward movement. If TON can successfully break through these resistance levels, the price is likely to continue rising; conversely, if it fails to break through, a pullback or consolidation may occur.
It is still possible to go long; the current market is gradually warming up, but I personally suggest waiting for a retracement to around 3.9 to enter. For spot trading, just buy in batches without overthinking it. The founder has been active since being released, and a rise back to 8 dollars is entirely feasible.
If you have more unresolved questions, follow me at 此处了解更多, or if you want to talk about returning snow to the sky, that's fine too; I'll take care of it all!
