1. Japanese Candlestick Analysis toncoin

A candlestick pattern with long wicks in both directions is observed, suggesting high volatility and market indecision.

The 2.35 USDT zone acted as a strong support, with a clear rejection candle (long lower wick), indicating aggressive buying in that area.

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2. Moving Averages (MA)

MA(7) = 3.172 and MA(25) = 3.252:

The current price of 2.98 USDT is below both, indicating a bearish momentum.

There is no bullish crossover yet, so the trend remains bearish.

MA(99) is not shown, which would be useful for evaluating the long-term trend.

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3. Volume Analysis

Volume has decreased since the drop to 2.35, which is typical in a consolidation or accumulation phase.

Previous high volumes accompanied the declines, which validates the bearish strength it had.

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4. Fibonacci Retracements (estimated visually)

From the maximum at 7.269 to the recent minimum 2.354:

38.2% zone = ~4.25 USDT

23.6% zone = ~3.60 USDT

We are currently well below the 23.6%, indicating that the recovery has been weak and the bearish retracement remains dominant.

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5. Technical Support and Resistance

Supports:

2.35 USDT: Critical support. If broken, declines could be seen to levels between 2.10 and 1.95 USDT.

Resistances:

3.17 - 3.25 USDT: Critical resistance zone (coincides with MA(7) and MA(25))

3.60 USDT: Next relevant resistance (Fibonacci level 23.6%)

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6. Momentum Indicators

Although not shown in the chart, I can deduce based on behavior:

RSI (estimated): Probably between 35-45, meaning in neutral-bearish zone, but not oversold.

MACD (not shown): Likely below the signal line, suggesting that there is no clear bullish entry yet.