TON (The Open Network) has been very strong, even though the bitcoin market as a whole has been weak. The stable price of TON is getting a lot of attention from investors and experts, even though market mood is changing.This brings up a very important question: Can TON keep its strength and keep doing well even though the market might be going through a rough patch, which is known as the “crypto winter”?
TON is now worth about $7.56, which is 4.03% more than it was yesterday. The market was worth more than $18 billion and over $392 million worth of trades were made at the time of writing. The worth of TON on the market and the amount of trade have both gone up by 14.75 percent in the last 24 hours.
TON Price Analysis Overview
This study looks at how the price of TON has changed over time to see if the crypto asset’s market outlook will stay positive or if it will continue to rise before possibly falling.
The Open Network is moving up toward the $7.7 support level on the 4-hour chart, following a bullish trend that started when it failed to break below the bullish trend line. The price of the asset is above its 100-day Simple Moving Average (SMA), which suggests that it may continue to rise.
After a failed drop, the Relative Strength Index (RSI) signal line is now moving above 50%, which supports the idea that The Open Network might keep going up.
A look at TON’s 1-day chart shows that bulls are still busy in the market, as shown by the strong rejection of a price drop toward the bullish trend line. This makes it look like The Open Network is openly bullish and may keep going in that direction.
The 1-day RSI indicator also shows that the price of TON is likely to rise even more. This is because the signal line is beginning to rise again after falling to 20%.
Next, The Open Network could hit a new all-time high if it keeps going up and breaks through the $7.7 level of support. After that, it might go up to test the $8.2 level of resistance. The price could fall to the $6.7 support level if it doesn’t break above the $7.7 resistance level. If this support level is broken, the price could drop to as low as $6.05 per share.
