Toncoin (TON) Onchain Metrics and Price Action Suggest Impending Rally Despite Ongoing Dip
Recent Growth in TON Ecosystem: The TON ecosystem has seen significant growth, with active wallets surpassing 11 million following the launch of $TON Space in Telegram in September 2023, indicating strong engagement and potential for Toncoin's future.
Market Analysis and Price Potential: Analysts suggest viewing current price dips as buying opportunities for Toncoin, with indicators pointing towards a possible rally due to favorable technical setups and demand zones, despite ongoing market challenges.
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Technical Analysis for VANRY
Technical Sentiment Analysis for Vanar Chain (VANRY) As of , Vanar Chain (VANRY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VANRY 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, VANRY 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 $-.
Vanar Chain (VANRY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.002 | 0.00347 | 0.00491 | 0.00638 | 0.00782 | 0.00929 | 0.0107 |
| Fibonacci | 0.00347 | 0.00459 | 0.00527 | 0.00638 | 0.00749 | 0.00818 | 0.00929 |
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