$TON Analysis
The Toncoin market is showing signs of consolidation after recent gains, with price action contained within a narrow range. Despite the daily pullback of -2.77%, broader momentum remains positive as indicated by the strong ADX reading of 100 and healthy price discovery metrics.
💰 Market Structure Analysis:
TON is currently trading at $3.23, maintaining above crucial support at $3.16. The relatively tight Bollinger Band width of 7.16% suggests decreased volatility, while the moderate RSI of 64.04 indicates room for potential upside without being overbought.
📈 Technical Outlook:
• The MACD convergence (-0.04949062) with signal line (-0.10173690) suggests potential bullish momentum building
• Strong DMI reading (44.4) confirms trend strength
• Volume profile shows healthy liquidity despite being 0.80x below average
🎯 Trading Setup:
Primary resistance zone sits at $3.57-$3.75, with immediate ceiling at R1 ($3.32). For bulls, maintaining price above the pivot point ($3.26) is crucial. Conservative entries can be considered on pullbacks to $3.16-$3.17 support zone, with stops below $3.11.
⚠️ Risk Management:
The low volatility (2/10) and strong liquidity (8/10) provide favorable conditions for position building. However, moderate technical score (3/10) suggests waiting for clear breakout confirmation above $3.32 before aggressive entries.
💡 Action Plan:
Watch for consolidation above $3.26 pivot level. Long entries preferred on successful retests of $3.16-$3.17 support zone, with primary target at $3.57. Keep stops tight below S2 ($3.11) given the current market structure
good news #allcoinpump