Increasing Exchange Supply Pressures Toncoin (TON) Price Amid Uncertain Market Trends
Toncoin price remains volatile with a 12% drop over 30 days, while rising exchange supply signals potential selling pressure. TON RSI and EMA suggest uncertain momentum, possibly hinting at a reversal.
Toncoin (TON) is navigating a crucial phase, experiencing a 12% price decrease over the last month. Traders are closely watching its Relative Strength Index (RSI) and Exponential Moving Average (EMA) patterns, which indicate both caution and potential momentum shifts for the cryptocurrency. The RSI for TON has recently dropped to a neutral 44.50, pointing to reduced buying pressure and uncertainty about the coin next directional move.
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The rise in TON supply on exchanges—from 1.65 million to 1.7 million tokens—also hints at potential selling pressure. Although modest, this increase signals that some holders may be preparing to liquidate their assets, creating a bearish outlook. Exchange supply often reflects market sentiment, as holders move assets to exchanges when intending to sell, while a withdrawal from exchanges suggests a bullish, long-term storage approach.
Toncoin Neutral RSI and Exchange Activity: Signs of Shifting Momentum?
Currently, Toncoin RSI sits in a neutral zone, neither overbought nor oversold. While the RSI’s shift from 54 to 44.50 suggests a slight dip in buying momentum, it does not indicate significant selling pressure, leaving TON future direction uncertain. With an RSI near 50, the potential for swings in either direction remains possible, depending on upcoming market sentiment.
EMA Lines Suggest Possible Reversal
Toncoin EMA lines currently display a bearish setup, with long-term EMAs above short-term EMAs and the price trading below both. While this formation indicates prevailing bearish momentum, the narrowing distance between these EMA lines could signal waning bearish strength, possibly inviting buying pressure in the days ahead.
If the bearish trend continues, TON immediate support sits at $4.56, with a potential dip to $4.44, representing a further 10.6% correction. However, should market sentiment reverse, TON could aim for resistance levels at $5.40 and $5.80, and if broken, a surge toward $6.13 is possible, marking its highest value since late September—a potential 23% increase.
The TON community and potential new users will likely play key roles in driving demand. For now, TON price outlook remains dependent on shifting momentum and exchange supply trends.
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