Toncoin (TON) is currently trading at $3.31 with a daily increase of over 2.95%, amidst strong technical signals supporting the upward trend. Are we facing a new wave of increases? Or is the market preparing for a sudden reversal?
📊 Technical indicators say "Buy"
- Relative Strength Index (RSI) at level 56 – indicates moderate momentum towards buying
- All moving averages from MA5 to MA200 give stable buy signals
- Indicator analysis:
- 17 Buy signals
- 7 Neutral
- 1 Sell
- Oscillators:
- 5 Buy
- 5 Neutral
- 0 Sell
🔺 Pivot and resistance levels
- Current pivot: $3.4271
- Resistance:
- R1:$3.4436
- R2: $3.4629
- R3: $3.479
📐 Chart patterns
According to OKX Europe, Toncoin has exited a descending triangle, a pattern that often indicates a trend change towards the upside. This reinforces the hypothesis of continued positive momentum.
🛡️ Critical support levels
- Support level 1: $3.00
- Support level 2: $2.60
- Failure to maintain these levels may bring the price back to $2.90 according to Cryptodamus analysis
🚀 Potential targets
- Target 1: $3.95 – $4.00
- Target 2: $4.20 – $4.30
- Target 3: $4.50+ if the $3.91 level is broken
📈 Market forecasts
Toncoin is expected to reach an average price of $11.47 in August 2025, with a potential to hit $12.79, reflecting long-term optimism.
While forecasts indicate a potential price drop to $2.62 in the coming days, reflecting a divergence in outlook among analysts.
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