- Toncoin trades at $5.66 with a market cap of $14.37 billion.
- TD Sequential presents a buy signal, hinting at an upcoming price recovery.
Toncoin (TON) is trading at $5.66, with a slight 0.22% dip over the past day. The cryptocurrency’s market cap stands at $14.37 billion, maintaining its 14th position in market rankings.
Trading volume over the last 24 hours surged by 4.41% to $143.85 million, with a market cap ratio of 1%. Toncoin’s fully diluted valuation (FDV) is $28.97 billion, while its circulating supply is 2.53 billion out of a total supply of 5.11 billion tokens.
The current price level marks a minor recovery after Toncoin reached an intraday high of $5.76. Analysts predict that breaking above this level could lead to stronger bullish momentum. Conversely, a drop below $5.64 may invite further downside pressure.
Technical Indicators Signal Potential Rebound
The trading chart highlights key technical indicators for Toncoin. The Relative Strength Index (RSI) is currently at 46.74, below the 14-day RSI average of 53.24. This signals mild bearish sentiment but leaves room for a potential rebound if buying pressure increases.
Moving averages show a crossover between the 9-day and 21-day lines, indicating short-term bullish momentum. If the price holds above $5.70, further gains are likely.
Resistance levels sit near $5.76, while support is firmly established at $5.64. Breaking the resistance could push Toncoin toward $5.80 and beyond. On the downside, falling below the support might drive prices closer to $5.50, testing buyer confidence.
The TD Sequential indicator on the 4-hour chart suggests a buy signal, anticipating a rebound in Toncoin’s price. The pattern hints at a potential upward movement if buyers capitalize on the opportunity. Traders are advised to monitor these technical levels closely to gauge market sentiment.
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