🪙 Update on the price of Coin $TON Toncoin on December 12, 2024

💰 Current price:

Toncoin (TON) is trading at $6.43 with a 9.74% increase in the last 24 hours. The price has risen by 18.73% in the last 30 days, indicating strong upward momentum in the market.

📊 On-Chain analysis and whale addresses:

• Whale behavior: On-chain data shows that large addresses are mainly accumulating TON in the price range of $5.80 - $6.20, reflecting confidence in the medium-term upward trend.

• Distribution or accumulation?: There are no signs of large sell-offs from whales recently; instead, large transactions have increased, especially as the price approaches the resistance area of $6.50.

🧮 Technical analysis:

1. EMA indicators:

• The 50 EMA and 200 EMA are trending upwards, forming a “Golden Cross” signal, indicating a long-term upward trend.

2. MACD and RSI:

• MACD gives a positive signal, with a strong increasing histogram.

• RSI reaches levels of 70-80, signaling an overbought area, but there are no immediate signs of a deep correction.

🚀 Medium-term forecast:

• Strong support area: $6.00

• Key resistance areas: $6.50 and $7.00.

• If it holds above $6.00, TON may aim for a target of $7.00 - $7.50 in the coming weeks, but caution is needed if the price drops below the support area of $6.00.

🧐 Investment conclusion:

TON is currently in a sustainable growth trend, but you need to consider the following factors:

• If the price has a slight adjustment (returns to around $6.00), it could be seen as a buying opportunity.

• Avoid entering positions when the RSI is too high, as short-term corrections may occur.

💡 Advice: Closely monitor market fluctuations and on-chain data before making decisions.

🔔 Risk warning:

Crypto investment always carries risks. Consider and allocate capital to avoid all-in.

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