📈TON Breaks ATH: Eyes on $6-7 Target?🚀🔥

🔍TON coin has recently shattered its all-time high (ATH) with a convincing candle on the weekly timeframe, marking a significant 32% move from the trigger candle. The uptrend appears to be continuing, with a potential next target range around $6-7 based on Fibonacci levels. If you bought at lower levels, it is advisable to hold for now.

✨Taking a glance at the annual pivot points, TON has reached the R2 level and seems to be consolidating. Observing the reaction at this level will be crucial in determining the next move. A break above R2 could indicate further upward momentum, while failure and a trigger candle might signal a potential sell-off.

📊The recent influx of volume into this coin over the past two weeks suggests strong interest from investors. If there's a reaction to the annual R2 level, monitoring the trendline drawn can provide insights. In case of a breakdown and confirmation candle, selling could be considered.

💥The RSI oscillator has entered overbought territory, signaling a potential sharp movement similar to the recent 30% surge. Fundamentally, TON is associated with the Telegram messaging platform. If you believe in the widespread adoption of this messenger, investing in its coin could be lucrative.

🛒Waiting for a pullback to the trendline with confirmation from a candle could be a viable strategy if you're still on the sidelines. Keep an eye on the market dynamics and react accordingly for potential profit opportunities.

🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.