TONCOIN PRICE ANALYSIS & PREDICTION (April 9) – TON Rolls Back After Failed Bullish Signal, is Support Nearby?
TON is back in a downward spiral after recently forming a bullish pattern. Triggered by multiple rejection, it has shed over 20% loss since it initiated drops and is now rolling back to its recent monthly low. After the last month's bounce off $2.3, which came after a back-t-back sell, TON initiated a surge and formed a V-shaped pattern. This led to a significant price recovery, and the market turned bullish, triggering a lot of positive sentiments. Meanwhile, the bears were also on the watch, looking for a key level to step back in action. They eventually won the tussle, and the price went in their favour after facing rejections at the $4.2 level – marked resistance. This rejection invalidated the bullish signal and they are now in disbelief of the latest move. However, there's still hope for them if […]