TON/USDT RSI Indicates Potential Upside, Awaiting Breakout
$TON

200-Period Moving Average (MA)

The current price of TON/USDT is $5.294, which is below the 200-period moving average at $5.507. This indicates a bearish bias as the price is trading below this key moving average. A move above this level could signal a shift to bullish momentum.

Relative Strength Index (RSI)

The RSI is currently at 58.02, showing moderate bullish momentum. This level is below the overbought territory (above 70), suggesting there is room for further upside before reaching overbought conditions. A continued rise in the RSI would confirm sustained buying interest.

Moving Average Convergence Divergence (MACD)

The MACD indicator shows a positive trend, with the MACD line above the signal line. The histogram is also positive, supporting a bullish outlook. If this trend persists, it could lead to further price gains.

Bullish Scenario: If TON/USDT can hold above the VWAP, it may target the next resistance at $5.50. A sustained move above this level could lead to a continuation toward $5.80.

Bearish Scenario: If the price fails to sustain above the VWAP, it could revisit the support level around $5.00. A breakdown below this area might lead to further downside toward $4.80 or lower.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial professional before making any investment decisions.