Toncoin ($TON ) Nears 50-Day SMA, Targets 20% Price Surge - Be(In)Crypto Analytics

A breakout in Toncoin (TON) could trigger a 20% price surge. Over the past month, TON’s 50-day SMA at $5.76 has acted as resistance, with each attempt to surpass it met by selling pressure, pushing the price down to the 20-day EMA at $5.47. Despite this, demand for TON has increased, with a 29% rise in daily active addresses and a 78% increase in new demand, suggesting a reversal may be underway.

The MACD indicator supports this, showing short-term momentum stronger than long-term, signaling potential for a breakout. If buying pressure holds, TON could rise to $6.82. However, failure to break the 50-day SMA could see a decline to $5.47.