Toncoin Shows Potential Rebound with TD Sequential Buy Signal

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Toncoin (TON) shows potential for a rebound as the TD Sequential indicator issues a buy signal.
Key Fibonacci retracement levels suggest support at $7.33 and resistance at $7.51 and $7.69.
Toncoin’s price reached above a critical support level, indicating a possible rebound.

Market analysts suggest that Toncoin (TON) could experience a rebound, citing a TD Sequential buy signal on the token’s four-hour chart. The buy signal predicts a potential price increase of one to four candlesticks for TON in the short term. Market analyst Ali shared this information on Twitter, highlighting the promising forecast.

The chart shared by analyst Ali highlights key technical levels and indicators. The Fibonacci retracement levels offer critical insights into potential support and resistance areas. As of press time, Toncoin is trading at $7.35, with immediate support identified at $7.33, which aligns with the 0.382 Fibonacci retracement level. This suggests a possible stabilization point before the anticipated upward movement.