Toncoin is currently in a sensitive phase after some wild fluctuations, and the market is closely watching key support and resistance levels.
Key entry zones right now:
Relatively safe entry: $1.95 – $2.05
Excellent entry if a correction happens: $1.75 – $1.85
Strong speculative entry: near $1.60
Sell targets / take profits:
First target: $2.30
Second target: $2.60
Third target: $3.00+
Stop loss:
Below $1.55 for shorting
According to the latest analyses, the $1.95 area is considered a crucial psychological support, and if it holds above, we could see a gradual rise towards $2.30 and then $2.60. However, a strong break below $1.90 might open up a drop to $1.70.
CoinStats +2
The main reason behind TON's strength lately is the expansion of the Telegram system and the integration of the network within Telegram apps, along with news about a larger role for Telegram within the network.
CCN.com +2
From traders' opinions on Reddit:
Many prefer to wait for a retest of $2.00 before entering.
The $2.70 to $3.70 areas are currently considered strong resistance.
Chasing rapid upward movement without a correction is seen as a high-risk play.
Reddit +2
$TON