Brief analysis of $TON and the appropriate buying timing
Current situation:
- Current price: $3.217, with an increase of +2.81% over 24 hours.
- Daily volume: 252,605.35 TON, below the moving averages (MA5: 378,939.35, MA10: 366,690.55), indicating weakness in liquidity compared to previous periods.
Technical indicators analysis:
1. Moving averages (EMA):
- EMA7: 3.217 (immediate support/resistance).
- EMA25: 3.198 (near support).
- EMA99: 3.114 (long-term support).
- Note: the price is above EMA7 and EMA25, reflecting short-term bullish momentum, but weak volume diminishes the credibility of the trend.
2. RSI(6) Indicator: 50.83
- In the neutral zone, indicating a balance between buyers and sellers. Any movement above 55 or below 45 could determine the next direction.
3. MACD indicator:
- DIF: 0.018 | DEA: 0.022 | MACD: -0.004.
- The signal is negative, but the difference is minimal, reflecting a struggle between upward and downward forces. The convergence of the lines may indicate a potential change.
4. Support and resistance levels:
- Near resistance: 3.230 - 3.232.
- Strong support: 3.173 - 3.144 (short-term) and 3.045 (long-term).
Proposed buying timing:
1. Ideal scenario:
- Bullish breakout above the level of 3.232 with a noticeable increase in volume, confirming buyer strength.
- Improvement in RSI above 55 with MACD turning to a positive signal (DIF crossing above DEA).
2. Conservative scenario:
- Price rebound from support of 3.173 or 3.144 with confirmation from the indicators.