Toncoin Surges Near $1.90 with Increased Trading Volume
- Volume Surge: Toncoin's trading volume surged over 180% in the past 24 hours, exceeding $560 million, indicating strong market interest that supports the recent price rise and enhances bullish sentiment in the short term.
- Critical Support Level: The $1.90 region has emerged as a key support zone, with buyers successfully defending this level during intraday pullbacks; if maintained, it could lead to a breakout towards the $2.00 resistance area, potentially opening the path to $2.15–$2.20.
- Improved Market Sentiment: Toncoin has shown strong relative performance against Bitcoin, with increasing discussions around the Telegram TON takeover narrative improving market sentiment and attracting more investor attention.
- Risk Factors: Despite recent strength, failure to break above $2.00 could trigger selling pressure, especially if the price drops below the $1.90 support level, which may lead to a pullback towards $1.88 and potentially $1.80.
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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 3 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 | 1.164 | 1.431 | 1.665 | 1.932 | 2.166 | 2.433 | 2.667 |
| Fibonacci | 1.431 | 1.622 | 1.74 | 1.932 | 2.123 | 2.241 | 2.433 |
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