Toncoin's (TON) price has seen an increase in recent weeks, and it is approaching its 50-day Simple Moving Average (SMA). If it successfully breaks through this level, it could indicate further price growth of around 20%. The 50-day SMA has been a significant resistance level at $5.76, pushing the price back to the support level at its 20-day exponential moving average (EMA) at $5.47. Despite a bearish trend indicated by the 50-day SMA being above the 20-day EMA, there has been a surge in demand for TON, as shown by an increase in daily active addresses and new demand for the altcoin. Toncoin's moving average convergence/divergence (MACD) also suggests short-term momentum is stronger than long-term momentum. If buying pressure continues, TON's price could rise by 20%, but if unsuccessful, it could decline to $5.47.



Other News from Today