Toncoin (TON) Posts Minimal Intraday Gains Yet

Toncoin has appeared among today’s daily crypto movers. While this may not be unusual, it is noteworthy given that few coins are in the green at the time of writing. However, the gains posted are minimal but occur at promising technical levels. Let’s take a closer look at the market.

TON Statistics

Current Price: $3.187

Market Capitalization: $7.91B

Circulating Supply: 2.48B

Total Supply: 5.12B

CoinMarketCap Rank: 16

Key Price Levels

Resistance: $0.1100, $0.1600, $0.2000

Support: $0.1000, $0.0950, $0.0900

Toncoin Sustains Above the Mid-Bollinger Band

The daily chart shows Toncoin with a red price candle positioned just above the middle line of the Bollinger Bands. The latest candle is relatively small, indicating only minor gains.

Meanwhile, the Moving Average Convergence Divergence (MACD) lines appear to be preparing to rise above the equilibrium level. Additionally, the bars of the MACD indicator are pale green and located above the baseline, signaling weak momentum despite a generally sideways market.

TON Appears to Hold Short-Term Gains

On the 4-hour chart, TON shows signs of short-term upward movement. The latest price action has rebounded from support at the lower limit of the Bollinger Bands. Consequently, the last two candles are hovering near the midline of the Bands.

The latest candle is slightly compressed below the middle band but remains green. The MACD lines are moving sideways below the equilibrium level, and the pale red histogram bars suggest that a continued upside retracement toward the $3.500 mark is possible.

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