#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $TON /USDT

1. Price: The current price is 2.9267 USD, which is close to the upper Bollinger Band (3.0097), which may indicate a potential overbought condition.

2. Trend: After a long decline, the price has risen sharply, breaking the middle Bollinger Band (2.8095) and approaching the resistance at 3.0097.

3. Volume: A significant increase in volume (1.167 million) accompanies the price increase, confirming the strength of the movement.

4. Technical indicators:

• MACD: Positive (0.0183), but close to the intersection, which may signal a possible correction.

• Stochastic RSI: High values ​​(68.3288 and 74.4745) indicate an overbought condition, which may portend a decline.

• MA5/MA10: Short-term averages are crossing upwards, confirming the bullish movement.

⚠️Conclusion: The current movement looks strong, but the high overbought zone and approaching resistance could lead to a correction. It is recommended to monitor the volume and price action around 3.0097.