Toncoin ($TON ) price analysis - Cointelegraph Analytics

Toncoin has been trading near the moving averages for the past two days, indicating buying by the bulls at lower levels.

The RSI is gradually moving toward the midpoint, signaling that the bearish momentum is weakening. That increases the possibility of a break above the moving averages. The TON/USDT pair may climb to $6, which is expected to act as a barrier. 

The first sign of weakness will be a close below $5. That could sink the pair to the $4.72 to $4.44 support zone. Buyers are expected to guard this zone with all their might because a break below it could start a new downtrend.