đ Toncoin rises 12% in 24 hours: Key factors behind TONâs rise- AMB Crypto
đ Toncoin's Sudden Surge
Toncoin [TON] spiked 12% in the past 24 hours, catching the attention of traders and investors. Trading near $7.12, TON faces key resistance at $7.28, a historical roadblock to further gains.
đ Overbought Signals
The Stochastic RSI indicates TON is in an overbought zone, suggesting a possible short correction to fill recent price gaps.
đ Growing Market Resilience
On-chain data shows a rise in large transactions, hinting at bullish sentiment as big players accumulate TON. Notably, 65.12% of addresses are âin the money,â reflecting profitable positions.
đ§ Potential Pullback to $6.9
Liquidation data indicates a $6.9 price magnet could trigger a pullback before a bullish continuation. However, strong buying pressure may prevent the dip.
