Can Toncoin Break $6 Resistance for a Bullish Rally?

Toncoin (TON) recently hit resistance at $6.00, peaking at $5.96 before losing momentum. While its bullish drive has weakened, the Moving Average Convergence Divergence (MACD) shows it's not fully bearish yet, but vulnerable.

Market sentiment has improved, with short-term holders dropping from 26% to 15%, reducing volatility. Currently trading at $5.81, breaking past $5.96 is crucial for a rally towards $6.36. However, failure to do so may lead to consolidation between $5.37 and $5.96, stalling further gains.

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