On the cryptocurrency market, Toncoin has broken the $3.20 resistance level, signaling possible growth. Let's examine its current state and future outlook.
Overview of Current Price Movements
On June 5, Toncoin broke through the $3.20 resistance level after a prolonged consolidation period between $3.00 and $3.20 that lasted through late May.
Current Indicators and Their Significance
Indicators show a positive trend. A 30-minute RSI reading of 60 suggests the asset has not yet completed its climb. The MACD also indicates that buyers are currently in control.
Future Prospects of Toncoin in the Market
On the 4-hour chart, the Bollinger Bands are expanding, and the price is trading above all major exponential moving averages. The $3.28–$3.30 region may serve as key resistance for the next major price move.
Toncoin is showing positive signals in the market. Crossing key support and resistance levels will be crucial in determining the direction of future price fluctuations.
