Toncoin Surges 27%, Breaks Resistance: Is $9 Next for $TON ?
Sergi Mamedov
Posted on November 26, 2024
🚀 Toncoin Surges Post-Breakout
Toncoin (TON) is trading 27% above its breakout level, pausing near $6.32 after escaping a descending triangle pattern. This breakout marks a shift from bearish to bullish sentiment, with a green candle highlighting strong buying pressure.
📈 Bullish Momentum Building
The MACD shows a bullish crossover, signaling further upward movement. If TON sustains support above current levels, it could target $9, drawing more traders to its bullish trend.
💼 Key Liquidation Zones
The TON/USDT pair shows volatility near $6.50 and $5.85, with $915K and $701K at stake, respectively. These zones could act as resistance or support based on market activity. The liquidity heatmap highlights critical levels for traders to watch.
📊 Profitability and Holder Sentiment
With 32.64% of TON addresses ‘In the Money’ and 66.71% at break-even, positive sentiment prevails. Limited sell pressure from losses (0.65%) provides a strong foundation for growth, supporting a potential move toward $9.
🌟 Outlook
As TON consolidates above key levels, its bullish setup suggests further gains. However, traders should monitor resistance and liquidation zones closely to navigate potential volatility.
Posted on November 26, 2024
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