$TON

Moving Averages

The 200-period Simple Moving Average (SMA) on the 1-hour chart is currently at approximately 4.930.TON/USDT is trading below this SMA, suggesting a bearish sentiment in the short term. A decisive move above this level could shift momentum to the bullish side.

Relative Strength Index (RSI)

The RSI stands at 54.99, which is in the neutral zone.This indicates balanced buying and selling pressure, leaving room for either a continuation of the upward move or potential consolidation.

Moving Average Convergence Divergence (MACD)

The MACD line is at 0.006 with the Signal line at 0.036, indicating a recent bullish crossover.Positive histogram bars support the ongoing bullish momentum. Further expansion of these bars would confirm continued upward movement.

Support and Resistance Levels

Immediate Resistance: 4.85 - 5.00 – a key resistance area; a breakout above this level could signal additional upside potential.Local Support: 4.930 (200-period SMA) – provides a nearby support that could stabilize the price in case of a pullback.Key Support: 4.60 – a lower support level that may act as a foundation if the price experiences a broader correction.

Bullish/Bearish Scenarios

Bullish Scenario: A breakout above 5.00 would indicate strong bullish momentum, potentially leading the price toward 5.30.Bearish Scenario: If TON/USDT is rejected at 5.00 and falls below the 200-period SMA, a decline toward 4.60 could be expected.

Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.