TON has a bumpy road ahead
At the time of writing, the altcoin was exchanging hands at $6.43. Although its value has increased by 20% in the last month, TON may soon lose some of these gains.

Despite TON's price increase, its relative strength index (RSI) and money flow index (MFI) have declined, thus creating a bearish divergence. At the time of writing, its RSI was 52.57, while its MFI was 23.39.

At these values, indicators suggest that although the TON price has increased over the past few weeks, the underlying buying pressure may be weakening.

The formed divergence tells market participants that the uptrend may be running out of steam and a pullback is imminent.

Confirming the possibility of a downtrend, the dots of the token's Parabolic SAR indicator are above its price level.

This indicator identifies the asset's potential trend direction and price reversal. When its dotted lines are placed above the price of an asset, the market is said to be in recession. This suggests that buying pressure is weak and asset prices may fall.

Additionally, its MACD line (blue) is below its signal line (orange) at the time of this writing.

This setup is considered bearish as it signals that TON's bullish momentum has weakened and its short-term moving average (MACD) is currently falling faster than its long-term moving average.
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