The $TON is being monitored within the review of @DAO Labs #SocialMining framework, with a consecutive accumulated appearance around critical support levels raising analytical interest. So far, in this week, it has not broken down or rallied above the resistance expected, hence it is in a concise contraction stage.
What is key about this moment is stability. The build-up in these areas and its absence of an immediate break or breakdown are indicators of continual deliberate placement strategy of market players. However, as long as the token maintains its current trend and does not go below the support level observed, technical charts indicate a potential resistance of the orange resistance range.
At #DAOLabs #TcHub , such developments are not studied in vacuity to stand alone, but in context to larger stories that define the Web3 space. The resilience against the noise of a token is usually one of the strong factors that showcases its viability going forward and the overall community liquidity.
What has yet to come is a passage of time and feeling. However, in the event that macroeconomic conditions remain neutral, or become favourable the upside scenario stands up. When the negative news prevail then a downward test can be anticipated. To this end, analysts will still keep monitoring, participating, and recording this static period of the $TON, in the form of Social Miners and other ecosystem players.
