Despite pessimistic news regarding TON and declining major metrics, the TON technical charts depict bullish behavior. As there has been the formation of a higher high swing structure on the chart, which can be observed on the daily chart.
Analyst crypto optimistic tweet highlights that the price has been approaching the $7.60 level, and the price on the daily chart has been riding an upward trendline. This tweet signifies that the major analyst perspective is bullish.
In accordance with analyst Tweet, on further examining the daily chat, it looks clear that the long-term trend based on 50-day and 200-day EMA looks bullish, as the price happens to be above them.
The other tools, such as MACD and RSI, highlight pessimism. Therefore, if the price breaks the trendline below and surpasses the previous swing low, the price could turn bearish.
On the contrary, if the price surges from the upward trendline, it could go to a higher level.
Analyst crypto optimistic tweet highlights that the price has been approaching the $7.60 level, and the price on the daily chart has been riding an upward trendline. This tweet signifies that the major analyst perspective is bullish.
In accordance with analyst Tweet, on further examining the daily chat, it looks clear that the long-term trend based on 50-day and 200-day EMA looks bullish, as the price happens to be above them.
The other tools, such as MACD and RSI, highlight pessimism. Therefore, if the price breaks the trendline below and surpasses the previous swing low, the price could turn bearish.
On the contrary, if the price surges from the upward trendline, it could go to a higher level.