Toncoin (TON) began to make waves again, indicating signs of renewed strength after it succeeded in getting out of a long -term convergence channel on the daily chart. This penetration represents a pivotal moment of the distinctive symbol, which may indicate the end of the last declining direction and a hint in the early stages of the fresh upward trend.
Since the encryption market offers signs of renewed, Toncoin appears to put himself as one of the prominent artists in this emerging session. Whether this penetration represents the beginning of the continuous upward trend or faces temporary opposite winds, it will depend on both technical morale in the market and follow -up.
The potential upward trend in its manufacture
According to the profit devil in a hadith After xToncoin shows a great power by staying over the descending canal on the daily chart. This artistic formation is very important because it indicates a shift in market dynamics after a period of weakness and decline.
Profit Demon noticed that Ton had previously faced sharp correction. However, the latest price procedure refers to recovery, as Toncoin finds strong support at a major level. This level now works as an important basis, providing the possibility of a new upward step.
He also stressed that if the bullish momentum continues to grow, TON may target many major resistance levels. As the current market morale prefers the recovery, the price of Toncoin may rise towards the level of $ 4.10. A successful collapse above this sign would enhance the upward trend, and push it into marks of $ 4.90 and $ 5.60.
Can Toncoin maintain current trends and lead to a gathering?
In order for TON to keep it, the RSI is a major role. The relative strength index should remain within the optimal range from 40 to 70, and avoid excessive conditions in the peak that exceeds 70. If the relative strength index remains above 50 years, Toncoin will have a space for more estimate. The collapse is higher than the main resistance levels while maintaining the relative strength indicator in this range that enhances the upholstery.
MacD is another important indication of monitoring. Currently, MACD has shown signs of upscale difference, indicating that the momentum turns in favor of the bulls. In order for the assembly to continue, the MACD line must remain higher than the signal line, which confirms that purchasing pressure exceeds the pressure.
Finally, the size analysis is necessary to confirm the strength of the price movement. A march supported by increasing signs supported by the trend with real demand and a temporary height. To maintain an upward movement, the trading volume must rise with the TON separation through the resistance levels. The higher size indicates the real interest of merchants, which enhances the direction, while the low size may indicate a lack of condemnation, which limits the length of Mars.
