The TON coin is currently trading at $3.22, with a decrease of 4.24% over the last 24 hours. The daily trading volume has decreased by 24.8%, indicating reduced market activity and selling pressure.
Technical Analysis
The short and medium-term moving averages (MA) indicate a downward trend.
The Relative Strength Index (RSI) is at level 38, indicating strong selling pressure.
MACD shows a negative cross, reinforcing the bearish scenario.
Support and Resistance Levels:
Support at $3.12, breaking it may lead to further decline.
Resistance at $3.56, breaking it may provide the coin with a short-term upward rebound.
The forecast indicates a continuation of the downward trend in the short term, with a possibility of testing nearby support levels. However, if the price manages to surpass the resistance of $3.56, a limited upward rebound may occur, but the overall trend remains bearish.
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