Toncoin’s Price Recovery Sparks Hope, But Negative Sentiment Looms 📈
Toncoin (TON) has made notable strides in its recovery, posting steady gains in recent days. The cryptocurrency has bounced back from its support level of $2.454, moving in the upper direction.
However, Toncoin is currently confronting significant resistance at the 50-day Exponential Moving Average (EMA) mark, currently positioned at $3.676 on the daily chart.
The market looks on to see if buyers can push Ton beyond this resistance level, potentially amplifying its recovery. Despite the gains, negative sentiment seems to linger around the asset.
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