Toncoin price analysis #TON
Toncoin’s rebound is facing selling at the moving averages, indicating selling by the bears at higher levels.

The flattening 20-day EMA ($5.84) and the RSI just below the midpoint indicate a balance between supply and demand. This increases the possibility of a range-bound action in the near term. 

If buyers drive the price above $6.10, the TON/USDT pair could rally to $6.50 and later to $7. Sellers are expected to mount a strong defense at $7. That could keep the price action stuck between $7 and $4.72 for some time.