Based on the provided chart, we will analyze the current situation regarding the TON coin (TONCOIN):
1. Current situation:
• Price: $6.958 (at the time of capture).
• EMA (Exponential Moving Averages):
• EMA(7): $7.027.
• EMA(25): $7.069.
• EMA(99): $6.945.
• The price has dropped below EMA(7) and EMA(25), indicating a short-term downward trend.
• Volume (VOL): Significant trading volume confirms active price movement, likely on the downside.
• RSI Indicator:
• RSI(6): 20.053 (strongly oversold).
• RSI(12): 32.411 (close to the oversold zone).
• RSI(24): 43.194.
• This could indicate a possible upward rebound if selling pressure eases.
• MACD:
• MACD lines and the signal line crossed in the negative zone, indicating a continuation of the bearish trend.
2. Possibility of reaching $8:
• To return the price to $8, a growth of ~15% is needed.
• Key factors that may influence:
• The overall situation in the cryptocurrency market (if Bitcoin or other major assets rise, it may pull up TON as well).
• News and fundamental factors: partnerships, network upgrades, or other events attracting interest to the coin.
• Timeframes:
• With the recovery of the upward trend and favorable conditions, reaching $8 may take from a few days to a couple of weeks.
• However, if the bearish trend continues, it may take months or may not happen at all.
3. How much money is needed for growth to $8?
• Price growth depends on liquidity on the exchange, the available volume of TON in the order book, as well as market interest. Accelerating growth will require significant investments, especially if current trading volumes continue to grow.
4. Probability of reaching $8:
• If TON remains in a zone of heightened interest (for example, due to developments or mentions in the news), reaching $8 in the near future is possible.
• If interest in the coin decreases or the overall market declines, $8 may be an unreachable goal.
Recommendations:
• Watch the RSI and MACD indicators to determine the trend reversal.
• Pay attention to support levels around $6.8–$6.9. If they hold, there is a chance for a rebound.
• Set stop-losses if entering the market to minimize risks.
