The price of Toncoin (TON) has increased by over 7% in the last 24 hours, signaling a potential recovery as it approaches a $16 billion market cap. The Relative Strength Index (RSI) has rebounded from oversold levels and currently sits at 47, suggesting potential for continued growth. Additionally, the supply of TON on exchanges has decreased, indicating reduced selling pressure. Despite the formation of a death cross in the Exponential Moving Average (EMA) lines, short-term indicators show potential for a reversal if momentum continues. TON's price could test key resistance levels around $6.3 and beyond.
- Content Editor ( beincrypto.com )
- 2024-12-11
Toncoin (TON) Price Eyes Key Resistance Zones After Recovering From Oversold Levels