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The bulls pushed the price above $2.31 on Nov. 6 but the long wick shows selling at higher levels. If buyers maintain the price above $2.31, it will open the doors for a rise to $2.59. The bears are expected to mount a strong defense at this level.
Alternatively, if the price turns down from the current level, the moving averages are likely to act as the first line of support. If these give way, the TON/USDT pair could drop to the strong support at $1.89. Such a move will suggest that the pair may oscillate between $1.89 and $2.31 for some time.
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TON/USDT daily chart. Source: TradingView
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The bulls are trying to maintain the price above $0.07 and if they succeed, the DOGE/USDT pair could pick up momentum and surge to $0.08. This level may pose a strong challenge but if cleared, the pair may sprint toward the psychological level of $0.10.
Meanwhile, the bears are likely to have other plans. They will try to stall the up-move and pull the price back below the 20-day EMA. This could clear the path for a potential fall to the $0.06 support.
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