#TON #DurovDrama #Durov #tonecoin
50-Day Moving Average (MA): The 50-day MA for TON is around $6.00. The price has recently dipped below this level, suggesting a shift in market sentiment from bullish to bearish.
200-Day Moving Average (MA): The 200-day MA is approximately $5.50. TON's price remains above this longer-term indicator, indicating potential support and a still-intact overall bullish trend despite recent volatility.
Relative Strength Index (RSI): The RSI is hovering around 40, indicating that TON is nearing the oversold territory. This suggests a potential for price stabilization or reversal, but continued caution is advised.
MACD: The MACD line has crossed below the signal line, reflecting a bearish trend and weakening momentum.
Bollinger Bands: The price of TON is approaching the lower Bollinger Band, signaling that the coin may be oversold in the short term. This could lead to a potential bounce if buying pressure increases.
Summary: Toncoin is experiencing downward pressure, breaking below key short-term support levels. While the overall trend remains cautiously bullish due to the 200-day MA, the current technical indicators suggest that further declines are possible before any recovery
