3 min readTONCOIN (TON/USD):
Like other Altcoins, Toncoin has been struggling to gain upward momentum and achieve significant gains. Currently trading just above $5.00, there are few signs indicating whether the price will move higher or lower.
A closer analysis of the technicals shows that we are trying to maintain support along an internal ascending trend line. If this support fails, the price could fall to the next support zone around $4.80. At the moment, the RSI indicator doesn’t suggest that the current price action is “oversold.” If we break below the critical 30% level on the RSI, it will be interesting to observe how and from where the price responds.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
