TON's rally to $5.804 stalls as mixed signals and reduced supply hint at a potential bullish breakout, though market uncertainty persists.
Negative exchange Netflow indicated a possible upward shift, but mixed signals still cloud the market’s direction., with a 9.26% drop in market price. While signs of recovery are emerging, progress has been minimal, with a modest 0.52% gain in the last 24 hours.At press time, TON has formed an inverse head and shoulders pattern, a classic signal of potential bullish momentum.
A bullish confirmation typically occurs when the price breaks above the neckline, which connects the two troughs between the shoulders. The OI-Weighted Funding Rate combines Open Interest and Funding Rates to assess market sentiment and the cost of holding long or short positions in derivatives.While this metric points to a potential bullish move, liquidation data suggests neutrality, hinting at a possible downward shift.
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