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 blockchain - It is a collection of 2 blockchains that can process millions.TON Blockchain presents some new and unique features, such as the self-healing vertical blockchain mechanism and Instant hypercube routing which enable it to be fast, reliable, scalable, and self-consistent at the same time. It is heterogeneous, similar to the EOS and Polkadot.

Main features of TON

Transactions per second -104715

Block Time- 5 seconds

Number of validators- 230

TONUSD showed a minor pullback in this week.

Any daily close above $8 confirms further bullishness.

TONUSD surged more than 5% after a minor sell-off. 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 $6.95 at the time of writing and is currently trading around $6.92.

The bullish invalidation can happen if the pair closes below $4.50. On the lower side, the near-term support is $6.50. Any close below targets $5/$4.50/$3.78.

The pair's near-term resistance is around $7.50. Any breach above confirms minor bullishness. A jump to $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 $8/$10.

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