Toncoin (#TON) is the token of the TON network, supporting decentralized applications, transaction payments, and security through the Proof-of-Stake (PoS) mechanism.
Current Price and Volatility
- Current Price: $7.60
- 24H Low/High: $7.22 / $8.31
- 24H Change: -0.98%
- Market Cap: $19.78B
- 24H Trading Volume: $299.24M
Technical Analysis
1. Moving Average Indicator (SMA)
- 50 SMA: Current price is below the 50 SMA, showing a short-term downtrend.
- 200 SMA: Current price is below the 200 SMA, signaling a long-term downtrend.
2. RSI (Relative Strength Index)
- Current RSI: 56.63, neutral status. If RSI is above 70, the market may be overbought.
3. Ascending Triangle
- Formed in May 2024 with horizontal resistance at $7.50. If surpassed, the price could rise sharply, aiming for $10 in the short term.
Trading strategies
- Buy: If the price sustains above the $7.50 support level.
- Sell: If the price fails to break above the $8.00 resistance level and RSI shows overbought signs.
- Stop-Loss: Placed below the $7.20 support level.
Weekly and Monthly Candlestick Prediction
1. Weekly Candles
- Prediction: If TON sustains above the $7.50 support and breaks above the $8.00 resistance, a rise to $9.00 is possible this week.
2. Monthly Candles
- Prediction: If the uptrend continues, TON could reach $10 by the end of the month, provided it remains above the $7.50 support level and there are no major movements from the general market.
Overview of Toncoin
Toncoin recently touched an all-time high of $8.31 and is currently facing key resistance. If passed, TON could continue to increase sharply.
Conclude
- TON: Buy at $7.50, sell at $8.00, stop-loss below $7.20.
Note: Always monitor the latest technical indicators and market information to adjust your trading strategy accordingly. Information sources from Binance, CoinCodex, and CoinMarketCap provide up-to-date and accurate data.
DYOR!
