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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Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.
