Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»Can Toncoin bulls regain the upper hand after this rally?
ALTCOIN NEWS

Can Toncoin bulls regain the upper hand after this rally?

By Crypto FlexsSeptember 24, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can Toncoin bulls regain the upper hand after this rally?
Share
Facebook Twitter LinkedIn Pinterest Email
  • TON Coin has bounced off its recent 6-month support level and reached a key resistance level near $6.
  • Derivatives data reaffirms bullish sentiment in the short term.

After testing the 6-month support range near $4.6-$4.8, Toncoin (TON) recently witnessed a strong bullish rebound. As a result, the altcoin gained around 22% in the past two weeks and regained its position above the 20-day EMA ($5.54).

At the time of writing, TON was trading at $5.70. It was attempting to challenge the long-term trendline resistance that has been solid since July. A break above this resistance could set the stage for further upside in the coming days.

Toncoin bounces after testing key support levels. What’s next for TON?

Source: TradingView, TON/USDT

TON’s recent recovery was located near a significant point on the chart. If the bulls push the price above the $6 resistance (which coincides with the 200-day EMA at $6.03), Toncoin could see a long-term rally towards $6.78 and $7.00 in the short term.

A break of this level would confirm a strong bullish recovery and potentially lead to a broader uptrend.

However, if TON fails to break the $6 level, a pullback to the $5.54 support (near the 20-day EMA) is expected. A sustained close below this support could trigger a deeper correction, which could push the price back to the $5.00 and $4.86 levels.

The Relative Strength Index (RSI) is currently at 53.50, reflecting neutral momentum. The RSI is just above the midline, suggesting that buyers are still in the game, but it needs to push higher to confirm further gains.

It is worth mentioning that the Awesome Oscillator recently closed above the 0 level, showing a slight bullish edge. Continued holding above this level would reaffirm the bullish bias.

Derivatives data revealed this.

ToncoinToncoin

Source: Coinglass

TON’s volume surged by +44.39% to $233.38 million, reflecting renewed interest in the coin. Open interest also increased by +2.61%, indicating that traders still had positions open amid the recent price action.

The overall long/short ratio was slightly down at 0.9666, but the Binance long/short ratio was bullish at 2.4638, indicating that many Binance traders are betting on a continued recovery.


Read Toncoin (TON) Price Prediction 2024-25


Similarly, OKX’s trader long/short ratio was 1.83, reinforcing the bullish bias of major market participants.

Traders should closely monitor RSI and derivatives data for signs of additional bullish momentum or reversals. Buyers should also consider Bitcoin’s movements and overall sentiment when making a purchase decision.

Next: Cardano Balances Hit All-Time Low – Will This Indicator Trigger an ADA Reversal?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

Join the top 100 for a share of €100,000 with GameArt!

December 27, 2023

Bitcoin Price Sprint to $40,000 – Could It Happen Soon Before EOY?

December 1, 2023

Bitcoin maintains gains despite blood clots across cryptocurrencies and stocks following comments from the Minneapolis Federal Reserve.

April 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.