Toncoin is under selling pressure amidst a long-term downtrend, testing key support levels. Investors and analysts are closely watching for a potential reversal.
Market Analysis and Key Levels
Toncoin continues to decline, testing the support zone of $3.60–$3.70. Experienced traders consider the $4.00 level as a potential turning point. Breaking this level could signal a new rally, while failing to support the current level may lead to further price declines.
Technical Indicators: Potential Reversal Signals
The Relative Strength Index (RSI) has dropped below 30, indicating possibilities for a short-term rebound. The MACD shows a bearish crossover, but positive changes may signal increased buying demand.
Toncoin's Future: Key Support and Resistance Levels
Strong support levels for Toncoin are at $3.60-$3.70. Loss of these supports may lead to a drop to $3.30-$3.40. A breakout above $4.00-$4.20 could indicate potential recovery.
Although Toncoin is under pressure, recovery is possible if current support levels hold and technical indicators strengthen.
