Toncoin [TON] recently experienced a strong rebound from its multi-month support near the $4.6 level. This support has been crucial for bulls
Toncoin is testing key resistance at the 200-day EMA—will bulls push it higher, or is a pullback on the horizon?recently experienced a strong rebound from its multi-month support near the $4.6 level. This support has been crucial for bulls over the last few months as they protected it, staving off a deeper downturn.
A definitive close above this level could further fuel the bullish rally, potentially opening doors to test the $6.05 resistance zone. If TON manages to conquer this zone, we could witness an extended uptrend with $6.5 as the next immediate target. The MACD indicator saw a bullish crossover, with the MACD line climbing above the signal line and gaining positive momentum. However, buyers should wait for these lines to close above zero before taking a long position in the near-to-medium term.
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