#Toncoin The price has continued to rise in the past few hours, but the trading activity has decreased significantly. Earlier, when the price fell to $7,217, the 24-hour trading volume was $767.38 million, which was the highest on the day, but it has now dropped to $525.52 million, indicating a decline in network activity.

The moving averages show that this surge is part of the high buying pressure faced by the altcoin. In the range of 5 to 200, the exponential and simple moving averages show that buyers are dominant, driving the continued rise. Other indicators such as momentum (10) and bull-bear power also indicate this.

However, most technical indicators such as the relative strength index, Williams percentage range (14), etc. are neutral, also suggesting the presence of a bear market.

In addition, the MACD (12,26) level is 0.114260643, which means that the short-term moving average is above the long-term moving average and the moving lines are moving downwards. This is a potential sign of a reversal or a bull market.

Analyzing the price chart, TON price is moving towards the resistance level of 8.156015071. If the new candlestick breaks this resistance level, the upward trend is likely to continue. However, if the price drops to 7.396622094, it may continue to fall to 5.408682364.

For more latest market currency analysis, pay more attention to May, and you are also welcome to find May consultation. $BTC