👀👀Toncoin (TON) Rising After Initial Drops: Bullish Trend Emerging Amid Strong Buying Pressure 👀👀

Toncoin (TON) lost more than 9% in value on July 4, finishing the day at approximately 7.1$ . Although this sharp decline initially came as a shock to the market, signs of recovery were observed in TON as Bitcoin surpassed the 57,000$ level. The Relative Strength Index (RSI) fell below the neutral 50 level during this decline, but showed a slight recovery thereafter. A close examination of the RSI data shows a slight rise above the neutral line and a bullish trend persisting, albeit weak, for TON.

Additionally, Saniment's trading volume data for TON revealed that it surpassed $750 million on July 5, a level not seen in more than a month. This high trading volume confirms the existence of strong buying pressure in the asset and indicates that price increases are largely supported by buyer activity. This significant increase in buying interest is generally considered an indicator of increased investor confidence.

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