TONUSD gains after integration with Pyth and Injective network, good to buy on dips

The Open Network (TON) is a decentralized and open Internet platform made up of several components. These include TON Blockchain, TON DNS, TON Storage, and TON Sites.

"The Open Network (TON), a decentralized blockchain platform, and Pyth network, a decentralized data oracle, have partnered to deliver high-fidelity data to builders.

It’s a great honor to announce that Injective is officially plugged into the Ton blockchain. Now, we have assets like INJ that can be bridged and used in TON, and at the same time, TON is utilized in Injective dAPPS.

The pair gained momentum after TON blockchain partnered with Pyth and Injective to expand Web3's reach.

TONUSD showed a minor pullback after a major sell-off.

Any daily close above $ 8.50 confirms further bullishness.

TONUSD pared more than 10% after hitting a multi-week high. The pair holds above the short-term (21EMA, 55 EMA and below the long-term moving average in the 4-hour chart. It hit a high of $7.26 and is currently trading around $6.50.

The bullish invalidation can happen if the pair closes below $4.50. On the lower side, the near-term support is $6. Any close below targets $5.70/$5/$4.50/$3.78.

The pair's near-term resistance is around $7.25. Any breach above confirms minor bullishness. A jump to $8.30/$9/$10 is possible. A surge past $10 will take it to $12.

It is good to buy on dips around $6 with SL around $5 for TP of $10.

TokenPost | [email protected]