A billion telegram users can interact with the Ethereum Virtual Machine (EVM) decentralized apps (DAPPS) directly within the Messenger following The launch of tac mainnet on Tuesday. This new feature can boost DAPP adoption and tons of tonne as it lowers the technical barrier to entry for basic users.
Can toncoin (Ton) break above its resistance? Let’s review the charts to find out.
Ton price prediction
The ton rises above the moving averages and approaches the downtrend line of the descending triangle pattern.
The 20-day exponential transfer of average (EMA) ($ 2.94) began to turn away, and the relative index index (RSI) jumped into the positive territory, indicating the advantage of consumers. Sellers are expected to defend the downtrend line in all they may have due to a break above it will release the negative setup. That could push a pair of tons/USDT to $ 3.69.
Instead, if the price drops dramatically from the downtrend line, it suggests that the bears remain seller at rallies. That can keep the pair inside the triangle for more time. Sellers will get the upper hand if the price sinks below $ 2.75 support.
Related: Ethereum’s ‘Crucial’ Breakout is at 30% rally compared to Bitcoin Next
Both moving averages began to I -up, and the RSI were in the positive territory, indicating that the bulls had one side. Consumers will try to push the price to the downtrend line, which can bring about a major challenge.
If the price drops from the downtrend line but bounces from the 20-day EMA, it suggests a bullish sentiment. That increases the likelihood of a break above the downtrend line. The pair can rally at $ 3.40 and then at $ 3.50.
Conversely, a fall below the moving averages suggests that the bulls are losing their grip. The pair could have fallen to $ 2.90.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
