Toncoin Price Hits Monthly 38.5M TON Resistance; Correction To Continue?
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Toncoin experienced a notable 9% price surge during U.S. trading hours on Friday, challenging the prevailing downturn in the broader cryptocurrency market. This price movement brought Toncoin to a significant monthly resistance level at 38.5 million TON.
Concerns arise from the absence of Bitcoin's follow-up actions after its rally on Thursday, which could potentially signal another market pullback before any recovery phase begins. Market participants are now closely observing whether Toncoin buyers will continue their aggressive uptrend or brace for a potential correction.
As the market remains vigilant about these developments, the potential reversal of Toncoin's price trend becomes a focal point of speculation. Traders and investors are cautiously considering the broader implications of these market signals.
Source: coingape.com ↗
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