Technical Analysis of TON/USDT

Current Price:

$3.439 (as per the chart)

It has gained +19.91% today.

Recent Movement (Price Action):

24h High: $3.514

24h Low: $2.867

The price recently bounced from around $2.867 to above $3.4.

Key Indicators on Chart (3m Timeframe):

1. EMA (7): 3.425

2. EMA (25): 3.428

3. EMA (99): 3.285

Price is trading just above both EMA(7) and EMA(25). This suggests short-term bullish momentum, but it's very close, so caution is advised.

4. RSI(6): 54.328

RSI is neutral, slightly above 50. It indicates neither overbought nor oversold conditions, with room to move up.

5. MACD:

DIF: 0.005

DEA: 0.015

MACD: -0.010

MACD line is below the signal line (DEA), and histogram is negative, hinting at weak momentum but close to a potential reversal.

6. Stochastic RSI:

%K: 29.636

%D: 26.764

Below 30 suggests near oversold territory and potential for a bounce.

7. Volume:

OBV is showing 5.27B, decent volume but not a breakout yet.

Support and Resistance Levels

Support Levels:

$3.285 (EMA 99)

$2.867 (24h Low / previous bounce zone)

Resistance Levels

$3.514 (Recent high)

$3.85 (next major psychological resistance)

$4.00 (round number resistance)

Price Prediction (Short-Term)

If the current RSI holds above 50 and price maintains above the EMA(25), we could see TON/USDT test $3.50-$3.60 in the next few sessions. If it breaks above $3.60 with volume, the next target could be $3.85 and even $4.00.

However, if TON fails to hold $3.28-$3.30, a correction towards $3.00-$2.90 is likely.

General Sentiment

The market is slightly bullish short-term but at a critical point where it can either break out or correct.

The MACD indicates hesitation; confirmation is needed from RSI and Volume for stronger moves.

Suggestion

For Short-Term Trading:

Watch for a breakout above $3.50 with increased volume.

If the price dips and holds $3.28, it could be a buying opportunity.

Tight stop-loss around $3.25 if buying.

For Mid-Term Holding:

If it stabilizes above $3.60, holding for $4.00-$4.50 seems reasonable in the coming weeks, depending on market conditions.

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