Technical analysis by islemodasi about Symbol TON: Buy recommendation (8/27/2024)

Toncoin (TON) Analysis: Pavel Durov's Arrest and Future ProspectsCurrent Status and Expectations:The status of a prominent figure like Pavel Durov could affect investor sentiment. However, since the technology and community behind TON Blockchain and TON Coin are strong, such events may have limited impact in the long term. The expectation that Durov will be released in the coming days could create a positive atmosphere in the markets, which could push TONUSDT to an upward movement.Support and Resistance Levels:Support Levels: According to the current market structure, there is a strong support level in the 5.20 - 5.50 regions. This level could be an area where buyers will step in during possible pullbacks.Resistance Levels: If the upward movement continues, the first resistance level seems to be 6.55. Above this level, the 8.05 level appears as an important target. Conclusion and Strategy: We predict that positive developments such as the release of Pavel Durov may have a positive impact on the market and an upward movement may occur in TONUSDT. In this scenario, breaking the 6.55 resistance may provide momentum towards the 8.05 target. However, it is important for investors to be careful and keep certain risk management strategies in place. It is recommended to determine stop-loss levels against possible volatility and closely monitor technical indicators. If developments support this expectation, TONUSDT is likely to reach the targeted levels in the coming days.