$TON

Toncoin’s Rise Above $6 May Be Delayed but Not Stopped

Toncoin (TON) price recently failed to break through the crucial resistance level of $6.00, an important psychological barrier. Although the altcoin reached $5.96, it was unable to maintain the momentum needed to turn this level into support.

Despite this setback, the recovery potential is still there, as TON price still has the potential to go higher.

Toncoin Opportunity

Toncoin’s overall momentum is starting to show signs of weakness. The MACD, a widely used momentum gauge, is indicating that the bullish momentum is fading. The falling green bars on the chart indicate this decline in momentum, showing a weakening uptrend.

However, this does not indicate a complete reversal. As long as the MACD remains above the neutral line, there is no conclusive evidence of a bearish trend. A break below the neutral zone would confirm a bearish turn, but for now, Toncoin remains in a weak but inconclusive state.