$TON

Here’s a structured analysis for Toncoin (TON) as of December 2024:

---

Current Price:

$6.76 (Average price projection for December 2024).

Bullish Signals (Buy):

1. Recent Price Movement:

Toncoin has surged by 45.45% over the last 30 days.

The price is above short-term moving averages, indicating a strong uptrend.

The RSI (Relative Strength Index) is at 63, signaling moderate buying momentum without entering overbought territory.

2. Declining Exchange Supply:

A significant outflow of 800,000 TON from exchanges over three days shows reduced selling pressure, indicating growing confidence in the coin's long-term performance.

3. Key Resistance and Support Levels:

Resistance: $7.2

Support: $6.6, with a deeper support at $5.6.

Bearish Signals (Sell):

1. RSI at 63:

Although it's not overbought, any further price increases could push RSI towards overbought levels, potentially slowing bullish momentum.

2. Potential Pullbacks:

If the uptrend reverses, the price may test support levels at $6.6 and $5.6.

---

Price Predictions:

Short-Term (December 2024):

Price could test $7.2 resistance and possibly reach $8.

Long-Term (2025):

$9.03 by the end of 2025 based on continued market adoption and Telegram integration.

---

Recommendations:

For Short-Term Traders:

Buy near $6.7 and target $7.2–$8 if the uptrend holds.

Stop-Loss: Set at $6.6 to protect from a downward move.

For Long-Term Holders:

Accumulate at current prices for potential growth towards $9 by late 2025.

---

Would you like more details on any specific aspect of this analysis?