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Crypto420

2024/07/17 11:00

Toncoin (TON) technical analysis.

Toncoin (TON) has been swinging between $6.77 and $8.29 for the past few days, indicating buying on dips and selling on rallies.

The 20-day SMA ($7.46) has flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. If buyers drive the price above $7.72, the TON/USDT pair could rally to $8.29.

Instead, if the price turns down sharply from $7.72, it will signal that the bears are selling on rallies. The pair could then slide toward the support of the range at $6.77. The next trending move is likely to begin on a break above $8.29 or below $6.77.1721213977454.png

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