A billion users from Telegram will be able to interact with the Ethereum Virtual Machine (EVM) decentralized apps (DAPP) on Tuesday after the launch of TAC Mennet on Tuesday. This new feature can promote asset flow in DAPP adoption and ton network as it reduces technical barrier for mainstream users to enter.
Can tanquine (ton) break above your overhead resistance? Let’s analyze the chart to know.
Ton price prediction
The ton rises above the moving average and the descending triangle is near the downtrend line of the pattern.
The 20-day exponent moving average (EMA) ($ 2.94) has begun to start, and the relative power index (RSI) has jumped into a positive area, indicating profit to buyers. Sellers are expected to defend the downtrend line with all their strength as a brake will invalidate a negative setup over it. This can reach the ton/USDT pair to $ 3.69.
Instead, if the price decreases rapidly from the downtrend line, it suggests that bears live on rallies. It can keep the pair inside the triangle for some more time. The sellers will achieve the upper hand if they sink the price below the support of $ 2.75.
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Both moving averages have begun to start, and the RSI is in the positive field, showing that the bull has an edge. Buyers will try to push the price on the downtrend line, which can create an important challenge.
If the price is reduced by the downtrend line, but bounces the 20-day EMA, it suggests a rapid feeling. This increases the possibility of a break above the downtrend line. The pair can rally up to $ 3.40 and then up to $ 3.50.
In contrast, a drop below the moving average shows that bulls are losing their grip. The pair can then fall to $ 2.90.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
