$TON
TON COIN "PERSISTENCE OF PRICE LEVEL": WHAT OPPORTUNITIES ARE THERE FOR TRADERS? 💎📈📊
Those following TON ($TON) have certainly noticed the "PERSISTENCE" of this coin in STRENGTHENING and PROTECTING the price level/important support zone recently. After fluctuations, the fact that TON/USDT has found a balance point and maintained trading within a certain range indicates that the BUYING POWER is quietly ABSORBING the selling pressure.
OVERVIEW ANALYSIS:
ACCUMULATION SIGNAL?: This "sideways" and "persistence of price level" phase is often seen as a sign of ACCUMULATION. "Whales" or large investors may be quietly COLLECTING before a new wave of volatility. This "silence" can sometimes signal a potential "wave".
IMPORTANCE OF A STRONG PRICE LEVEL: The longer and more SOLID a price level is built, the stronger the growth momentum tends to be when there is a breakout upwards. Conversely, if it breaks below this support zone, the downward pressure will not be small. This is a time to OBSERVE CAREFULLY.
FACTORS TO MONITOR (FOR SEO & TRENDING):
Trading volume: Gradually increasing volume at the support zone is a POSITIVE signal.
Moving Averages: The convergence or how the MA lines interact with the price can provide additional signals.
In your opinion, will this "persistence" of TON lead to a strong PUMP or does it need more time to accumulate? Share your thoughts on the TREND of Toncoin!
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