FxWirePro- TONUSD (Chart of the day)

A decentralized and open internet, created by the community using a technology designed by Telegram. It is made up of three components

TON Storage

TON Proxy

TON DNS

Main features of  TON

Transactions per second -104715

Block Time-  5 seconds

Number of validators- 230

RUNEUSD showed a minor pullback in the past week.

Any daily close above $5 confirms further bullishness.

TONUSD gained more than 70% in the past week. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $3.93 and is currently trading around $3.60.

The bullish invalidation can happen if the pair closes below $2. On the lower side, the near-term support is $3.30. Any close below target $2.80/$2.30/$2.

 The pair's near-term resistance is around $4. Any breach above confirms minor bullishness. A jump to $5/$6 is possible. A surge past $6 will take it to $20.

It is good to buy on dips around $3 with SL around $2 for TP of $6.