news 
Toncoin (TON) Decouples from Bitcoin, Key TON Price Levels to Watch
In a surprising turn of events, Toncoin (TON) has diverged significantly from the market’s overall trend, defying expectations and causing a stir in the crypto community. As the market remains uncertain, investors are closely monitoring the price movements of various cryptocurrencies.
Despite the recent turmoil in the cryptocurrency market, TON has demonstrated an impressive resilience by skyrocketing 104% amid market shorts liquidation. This sudden surge has left analysts scrambling to reassess their expectations and predict future trends.
Recent developments have led many traders to focus on the potential support level at $2.30, with a crucial resistance level set at $3.70. However, if TON fails to sustain its current momentum, it is possible for the price to drop back down to this support zone.
This recent surge in TON’s value can be attributed largely to the market’s liquidation of short positions, which has led to an influx of buying pressure driving up the coin’s price. It remains unclear how long this momentum will last, leaving many experts and investors alike on edge.
As always, we remind our readers that cryptocurrency markets are highly unpredictable and volatile. We strongly advise all traders and investors to conduct their own research and consult with professional advisors before making any investment decisions.
Sources: U.Today
Source: https://u.today/toncoin-decouples-from-bitcoin-key-ton-price-levels-to-watch
