$TON
• Current price of $TON : 5.452 USDT.
• Highest price in 24h: 5.766 USDT.
• Lowest price in 24h: 5.408 USDT.
• 24h trading volume: 25.80M USDT.
2. Technical analysis:
a. Bollinger Bands:
• Current price is near the middle band (Middle Band - MB) and is trending sideways.
• Bollinger Bands narrowing indicates the market is in a low volatility phase. A strong movement may be imminent.
b. RSI (Relative Strength Index):
• RSI(6): 31.595, RSI(12): 40.178, RSI(24): 45.102.
• RSI is in the neutral zone, not indicating overbought or oversold conditions.
c. MACD:
• Slightly positive MACD (0.008) but the histogram seems to have just switched from negative to positive. This may suggest a slight upward trend in the short term.
d. Trading volume:
• Trading volume is gradually decreasing after strong increases. This is a signal to pay attention to as it may indicate weakening market momentum.
• Price is near the support level (5.40 USDT), so confirmation signals from Bollinger Bands or MACD should be awaited before making a decision.
• If the price surpasses 5.70 USDT (nearest resistance), the upward trend may strengthen.