Potential upward movement towards $7.7

After touching the support level of $6.77, TON's price is fluctuating between $6.85 and $7.7, indicating indecision in the market. A drop to $6.85 followed by an upward move towards $7.7 is a likely scenario.

7/24/20241 min read

TON price chart showing fluctuations between $6.85 and $7.7, with support at $6.77 and potential upw
TON price chart showing fluctuations between $6.85 and $7.7, with support at $6.77 and potential upw

After touching the support level of $6.77, the price of TON has moved upwards and is currently fluctuating between the $6.85 and $7.7 levels. This fluctuation indicates that the market has not yet made a decisive move in its next direction.
The likely scenario is that after a price drop to the lower channel boundary at $6.85, it will resume its upward movement towards the price target of $7.7.