INSUBCONTINENT EXCLUSIVE:
messenger following the launch of the Tac mainnet on Tuesday
This new feature could boost DApp adoption and asset inflows into the TON network as it lowers the technical barrier to entry for mainstream
is nearing the downtrend line of the descending triangle pattern.TON/USDT daily chart
Source: Cointelegraph/TradingViewThe 20-day exponential moving average (EMA) ($2.94) has started to turn up, and the relative strength index
(RSI) has jumped into positive territory, indicating an advantage to buyers
Sellers are expected to defend the downtrend line with all their might because a break above it will invalidate the negative setup
That may propel the TON/USDT pair to $3.69.Instead, if the price turns down sharply from the downtrend line, it suggests that the bears
remain sellers on rallies
That could keep the pair inside the triangle for some more time
versus Bitcoin nextTON/USDT four-hour chart
Source: Cointelegraph/TradingViewBoth moving averages have started to turn up, and the RSI is in positive territory, indicating that the
Buyers will try to push the price to the downtrend line, which could pose a substantial challenge.If the price turns down from the downtrend
line but bounces off the 20-day EMA, it suggests a bullish sentiment
That increases the likelihood of a break above the downtrend line
The pair could rally to $3.40 and then to $3.50.On the contrary, a drop below the moving averages suggests that the bulls are losing their
The pair may then slump to $2.90.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
