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TON

Toncoin (TON) Faces Potential 40% Move Amid Triangle Pattern

An analyst highlights a potential 40% move in Toncoin (TON) linked to the current triangle pattern on the daily timeframe. If there is a breakout, the direction remains uncertain but leans slightly towards a decline below the lower boundary. Keep an eye on this! 👀 TON is currently trading at $3.3, which marks a 2% increase over the past week.
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AI Analysis

The analysis focuses on Toncoin (TON), which is forming a triangle pattern on the daily chart. This classic technical pattern often indicates a period of consolidation that can precede a significant p...

AI Recommendation

Given the current technical indications, it would be prudent to adopt a cautious approach. Monitoring the support level around the lower boundary of the triangle is essential. If TON breaks below this...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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