Will Toncoin bulls reclaim their edge after this rally?

After testing its six-month support range near $4.6-$4.8, Toncoin (TON) recently witnessed a strong bullish rebound. The altcoin jumped nearl

Toncoin’s recent rally has brought it to a critical resistance level—will bulls push past or is a pullback on the horizon?recently witnessed a strong bullish rebound. As a result, the altcoin jumped nearly 22% over the past two weeks and reclaimed a spot above its 20-day EMA .

Breaking these levels would affirm a strong bullish recovery, opening the door for a broader uptrend. The Relative Strength Index currently stood at 53.50, reflecting neutral momentum. The RSI’s position just above the midline suggests that buyers are still in the game, but they need to push higher to confirm further upside.

Although the overall long/short ratio was slightly bearish at 0.9666, the Binance long/short ratio for accounts exhibited a bullish scenario at 2.4638. This indicated that numerous Binance traders placed their bets on a sustained recovery.

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