Toncoin Price’s 20% Rally May Be Short-Lived, Reversal Likely 📉
Toncoin has experienced a notable 20% price increase recently, reaching a monthly high. However, this rally might face challenges due to pressure from short-term holders aiming to profit.
The MVRV Long/Short Difference indicator reveals potential turbulence, with short-term holders in profit likely to sell quickly. This can create selling pressure, posing a bearish outlook for Toncoin's future price movements.
Additionally, the Relative Strength Index (RSI) is nearing overbought territory, signaling possible reversals. Historically, breached RSI zones have led to price corrections, suggesting Toncoin could experience a pullback.
Despite these optimistic moves, Toncoin is eyeing $5.96 as a resistance level. However, the current bearish indicators signal that breaching this point might be challenging.
Similar articles (32)
Toncoin Recovery Pushes 22.81% of Holders into Profit Territory as TON Nears $5.30
Toncoin (TON) Rebounds Above $6: Is A Sustainable Rally In Sight?
Toncoin Liquidity and User Activity Reviewed by Analyst: Insights on Market Impacts
Toncoin Price Explodes With 17% Rally — Can TON Sustain The Momentum?
Toncoin (TON) Recovery Brings 58% of Holders Closer to Profit
Toncoin (TON) Price Eyes Key Resistance Zones After Recovering From Oversold Levels
TON Crypto: Volatility Rises Post-Golden Cross, Is $14 Next?
Toncoin To Confront Mega 46.19 Million TON Sell Wall Zone
Toncoin (TON) Price Rises as Holders Take Off 800,000 TON from Exchanges
Toncoin breaks out: Can TON reach its ambitious $8.30 target?
Toncoin Price Analysis: TON Price Eyes To Hit $8 Next?
Toncoin Price Is Ripe For a 2X Jump As A Rare Pattern Forms
Bitcoin Surge Boosts Toncoin Interest and Prices
Analyzing Toncoin’s rally: Can it sustain the break above $5.47?
Toncoin Price Eyes $15 as Elliott Wave Theory Signals End-of-Correction
Telegram-Linked Toncoin (TON) Poised for 50% Rally, Here’s Why
Toncoin Price Stalls But Analysts See a 55% Surge to ATH Soon
Toncoin’s breakout odds – Metrics suggest TON’s price will next…
Toncoin price prediction – TON should beat THIS level to start an uptrend
Toncoin inflows surge by 37%: Can TON break THIS resistance level now?
Will Toncoin Price Hit $10 After Recent 20% Rally?
Toncoin surges 27%, breaks resistance: Is $9 next for TON?
Toncoin’s latest uptrend – Here’s how traders can capitalize on TON’s price!
Toncoin Price Eyes ATH Amid Bullish Crypto Market Conditions
Toncoin Tests Key Resistance Level: Can Bulls Surpass $7 or Is a Retreat Likely?
Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30?
Toncoin Surges 27% Post-Breakout, Suggesting Possible Price Target of $9 Amid Shifting Market Dynamics
Toncoin Tests 200-Day EMA Resistance: Bulls Aiming for Upside Potential Amid Recent Market Strength
Toncoin Faces Increased Selling Pressure as Exchange Inflows Surge by 37.54% Amid Bearish Market Sentiment
Assessing Toncoin’s Potential Buying Opportunity Amid Bearish Indicators and Market Dynamics
Toncoin Approaches Key Trendline Resistance: Could Bullish Momentum Lead to a Breakout?
