Toncoin (TON) is undergoing a crucial consolidation phase in the price range from 6.2 USD to 6.5 USD, and this could be a stepping stone before the market witnesses a decisive move. This phase marks a wait between buyers and sellers, and the next direction will be determined by technical factors and market psychology.
Bullish scenario analysis
1. Positive RSI: The RSI indicator remains above the 50% level, indicating that buying pressure is dominant. This is an optimistic signal suggesting a potential breakout upwards.