Toncoin Surges 27%, Breaks Resistance: Is $9 Next for $TON ?

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Sergi Mamedov

Posted on November 26, 2024

Toncoin Surges 27%, Breaks Resistance: Is $9 Next for $TON ?

🚀 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.

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sergi_web3
Sergi Mamedov

Posted on November 26, 2024

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