The post Will Hamster Kombat TGE cause TON to skyrocket? appeared first on Coinpedia Fintech News
Toncoin, currently trading at $7.86, has navigated a tumultuous path in recent weeks, reflecting both resilience and volatility in the crypto market. Initially soaring to an all-time high of $8.182 on June 15th, Ton faced formidable resistance amidst heightened selling pressure, forcing a retreat to solid support at $6.79—a level it steadfastly defended.
What Technical Analysis shows
Recent trends, however, paint a more optimistic picture for Toncoin enthusiasts. Since June 19th, the coin has embarked on an upward trajectory, forming distinct higher highs and higher lows within a nearly parallel channel. This pattern suggests a bullish sentiment as Ton strives to maintain above its current support level of $7.79. Analysts caution that a breach of this support could lead to a retest of the $7.5 mark, underscoring the critical nature of current price dynamics.
Source:TradingVi
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