CandleFocus Toncoin Price Rise Beyond $6 Delayed, But Not Stopped
2024-09-30
Author: Content Editor
The article discusses the recent price movement of Toncoin (TON) and its potential for recovery. While the cryptocurrency failed to break the resistance level of $6.00, there is still a chance for upward movement. The MACD indicator suggests that bullish momentum is weakening, but as long as it stays above the neutral line, there is no definitive bearish signal. The market sentiment has improved with a decline in short-term investors, reducing the risk of a sharp sell-off. Toncoin is currently trading at $5.81, and if it can break the resistance at $5.96, it may trigger a rally towards $6.36. However, if it fails to break the resistance, the asset may enter a consolidation phase.
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