TON Price Analysis Over Daily Chart

Sep 21

In Q1 and Q2 2024, TON's price made significant attempts to break through a supply zone, soaring over 300%. However, it faced a setback in Q3 2024.

Despite this, the long-term trend remained upward, even amid several unforeseen events. After the Q3 decline, TON still retains nearly 200% gains, demonstrating a strong foothold.

As Q3 comes to a close and we approach Q4 2024, TON has already shown a decent price recovery this month. The price is currently at a dynamic resistance level of 50-day and 200-day EMA.

If it manages to break through, the next targets are $6.80 and $8.00. However, if it fails to clear this hurdle, bearish pressure may increase. Investors should avoid FOMO and conduct their own research (DYOR).