Toncoin is currently trading at $3.31 with a daily trading volume of approximately $171.9 million, reflecting notable market activity.
Technical indicators:
Moving averages: Indicate upward momentum, reinforcing confidence in the continuation of the positive trend.
Relative Strength Index RSI: Approaching level 65, indicating strength in momentum without reaching overbought levels.
MACD: Shows positive divergence, enhancing the likelihood of continued upward movement.
Support and resistance levels:
First support: At $3.00, represents a key support level to monitor.
Second support: At $2.80, its loss may indicate weakness in the upward momentum.
First resistance: At $3.50, surpassing it may open the way for further upward movement.
Second resistance: At $3.70, represents a strong resistance level to watch.
The forecast: If the price continues to trade above the $3.00 level, we may witness a continuation in the upward trend with potential targets towards $3.50 - $3.70 in the short term. However, if support at $2.80 is broken, we may see corrections towards lower levels.
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