CandleFocus

Toncoin Price Is Showing Turbulent Activity

Author: Content Editor
The price of Toncoin (TON) has been in a sideways trend for the past two months, fluctuating between $4.60 and $6.10. The cryptocurrency has fallen below its moving average lines and is currently consolidating below them. To resume an uptrend, TON needs buyers to keep the price above the moving average lines or the $6.10 level. However, the formation of doji candlesticks is holding back price action. On the downside, TON has consolidated above the $4.90 support level, with its current value at $5.25. The 4-hour chart shows TON in a sideways trend between $5.10 and $5.40, with turbulent price activity dominated by indecisive candlesticks. Traders' hesitation indicates that TON will likely remain in a trading range for a few more days. It is important for readers to conduct their own research before investing in funds.

Related News