Cryptocurrency Market Faces Uncertainty Amid Volatility
- XRP Technical Weakness: XRP has fallen below the crucial support level of $1.30 and is currently attempting to stabilize at $1.14; if it fails to reclaim $1.30, the psychological threshold of $1.00 will be the next focus, indicating market caution regarding its recovery.
- Zcash Recovery Stability: Zcash experienced a dramatic drop from $600 to $250 but quickly rebounded to $430, maintaining its position above the 200-day moving average of $370, demonstrating resilience compared to other altcoins, with $400 acting as a crucial support level.
- Toncoin Optimistic Outlook: Toncoin has managed to stay above the significant 100-day moving average of $1.68, sparking optimism for a potential move towards $2.00, indicating strong performance in the current market.
- Shiba Inu Under Pressure: Shiba Inu lingers below critical moving averages, facing further downside risks, reflecting a seller-dominated market environment, necessitating attention to whether it can break current resistance to avoid larger losses.
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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 3 technical signals, shows that 1 indicators are flashing buy, while 2 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 | 1.101 | 1.272 | 1.472 | 1.643 | 1.843 | 2.014 | 2.214 |
| Fibonacci | 1.272 | 1.414 | 1.501 | 1.643 | 1.785 | 1.872 | 2.014 |
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