TON Price Update: Toncoin Remains Steady at $1.62 While Approaching Important Resistance Level
Toncoin Price Movement: Toncoin is currently trading at $1.62, reflecting a 1.53% increase in the last 24 hours, with moderate volatility and a trading range between $1.60 and $1.65.
Nexton Solutions Funding: Nexton Solutions has raised $4 million in a funding round led by South Korean payment firm Danal, with additional support from various investors and the TON Foundation.
Technical Analysis: The TON chart indicates an ascending triangle pattern, suggesting a potential breakout as the price approaches the $1.616 resistance zone.
Market Position: Toncoin ranks 27th by market cap at $4.05 billion, with a circulating supply of 2.49 billion TON, indicating sustained interest despite a drop in trading volume.
Get Real-Time Alerts for Any Crypto Movement
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 stock.
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 | 0.842 | 0.983 | 1.176 | 1.317 | 1.51 | 1.651 | 1.844 |
| Fibonacci | 0.983 | 1.111 | 1.189 | 1.317 | 1.445 | 1.523 | 1.651 |
About TON
About the author
