Crypto Market Rebounds Amid Extreme Fear Sentiment
- Market Cap Recovery: As of June 12, the total crypto market cap sits at approximately $2.25 trillion, reflecting a 1.6% increase over the past 24 hours; however, the modest trading volume suggests that the rebound requires further confirmation before bulls can claim control.
- Toncoin Leads Gains: Among non-Ethereum assets, Toncoin stands out with a 4.7% gain, trading near $1.70 with a market cap of roughly $4.5 billion, indicating a strong performance compared to other meme coins.
- Ethereum's Critical Role: Ethereum is currently trading at approximately $1,661, up 1.2% in the last 24 hours, commanding an 8.9% share of the total market cap; if ETH maintains its strength, it could facilitate further rebounds for DOGE, SHIB, and TON.
- Extreme Fear Sentiment: The Crypto Fear and Greed Index reads 12, firmly in the
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Technical Analysis for TON
Technical Sentiment Analysis for Toncoin (TON). As of , Toncoin (TON) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Toncoin (TON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.72 | 1.081 | 1.385 | 1.746 | 2.05 | 2.411 | 2.715 |
| Fibonacci | 1.081 | 1.335 | 1.492 | 1.746 | 2 | 2.157 | 2.411 |
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