$TON next target analysis:
To analyze the next target for TON/USDT based on this 4-hour chart, here’s a breakdown of some key indicators:
1. Price Level and Moving Averages:
The current price is around 5.311 USDT.
EMA (Exponential Moving Averages): The 7 EMA (yellow line) is at 5.313, the 25 EMA (pink line) is at 5.305, and the 99 EMA (purple line) is at 5.132.
The price is slightly above the 99 EMA, indicating that it is in a minor uptrend, but closely consolidating near these EMAs.
2. Support and Resistance Levels:
The recent high of 5.724 could act as the next resistance level.
A support level can be identified near 5.125 (24h Low), where buying interest might increase.
3. Oscillators:
Stochastic RSI and MA Stochastic RSI are low (23.159 and 28.806), suggesting that the asset is approaching oversold conditions, which may imply a potential bounce if buying momentum increases.
RSI (6) is around 48.972, close to the neutral zone, indicating a balanced momentum without a strong trend direction.
4. Volume:
Volume is relatively low, suggesting that any breakout might need higher volume to confirm the direction.
Potential Target Analysis
If the price breaks above 5.350 with strong volume, it could target the previous high at 5.724. If it fails to hold above 5.305 and breaks below 5.125, it may move down to the next support levels.
