Toncoin (TON) – Technical Analysis
Date: April 19, 2025
📈 Toncoin (TON) Technical Overview
Current Price: $2.98
24h Range: $2.93 – $3.02
Market Cap: $7.49 billion
Circulating Supply: 2.51 billion TON
All-Time High: $8.27 (June 15, 2024)
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🔍 Technical Indicators
Moving Averages:
Price has recently moved above the 10-day and 20-day simple moving averages, indicating short-term bullish momentum.
Relative Strength Index (RSI):
Currently at 37, suggesting a neutral market. A rise above 55 could signal a potential move toward higher price targets.
Candlestick Patterns:
A bullish engulfing pattern on the weekly chart suggests strong momentum favoring buyers.
📊 Support and Resistance Levels
Support:
$2.65 – $2.73: Key support zone.
Resistance:
$3.27, $3.41, $3.61: Immediate resistance levels.
$3.43: Next major resistance; surpassing this could lead to further gains.
📅 Short-Term Outlook
Sentiment: Bearish
Fear & Greed Index: 39 (Fear)
Short-Term Prediction: Potential rise to $3.84 in the next 5 days, representing a 30.45% increase.
📈 Mid to Long-Term Forecast
April 2025: Predicted to reach up to $10.07, with an average price of $5.86.
May 2025: Potential increase to an average price of $11.74, with a high of $14.01.
2025 Year-End: Bullish predictions suggest prices between $4.14 and $5.35; bearish scenarios estimate around $2.35.
✅ Trading Strategy
Entry Point: Consider entries near the $2.65–$2.73 support zone.
Targets:
Short-Term: $3.27, $3.41, $3.61
Mid-Term: $4.92, $8.20
Stop-Loss: Set below $2.59 to manage risk.
Note: Toncoin's price movements are influenced by various factors, including market sentiment and broader cryptocurrency trends. Always conduct thorough research and consider risk management strategies before trading.
