Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	21,374,339,694	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

21,374,339,694

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.006541	-2.58%	0.246823	0.246867	0.246953

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.006541

-2.58%

0.246823

0.246867

0.246953

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.254552	0.246823	0.253364	0.253364	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.254552

0.246823

0.253364

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	06:54:04	96.07	0.246823	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

06:54:04

96.07

0.246823

USD

Price x Volume	Volume	Base Symbol	Related Pairs
214,612.23	856,479.00	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

214,612.23

856,479.00

Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building

22/01/2025 1:30pm

NEWSBTC

Toncoin is showing promising signs of recovery, with bullish momentum gradually building as renewed buying interest suggests a shift in market sentiment. After a period of consolidation, the cryptocurrency is gaining traction, fueling optimism for a fresh rally. The steady increase in trading activity and improving technical indicators highlight the bulls’ intent to challenge critical resistance levels, which could set the stage for a stronger upward trajectory. However, the path to recovery faces potential obstacles, including resistance barriers and profit-taking by short-term traders, limiting the rally’s momentum. Thus, sustaining the current bullish trend will be key in determining whether Toncoin can reclaim higher ground and achieve a more robust recovery. The coming sessions will be pivotal as traders closely monitor price action, volume trends, and support zones to assess the rally‘s strength in the long term. Technical Indicators Align For A Move-Up Currently, Toncoin’s capability for a rally is gaining momentum as technical indicators align, pointing to a move upwards. After failing to break below the $5 mark successfully, the cryptocurrency is now showing signs of an uptrend. Related Reading: Toncoin Stabilizes Above $5: Is Now The Time To Buy TON? Buying pressure is beginning to outweigh selling activity as indicated by the Composite Trend Oscillator’s recent shift away from oversold conditions. As the signal line and the RSI line of the indicator approach neutral territory, TON may be gearing up for a strong surge as traders regain confidence in its upside potential. Furthermore, Toncoin is attempting to move above its key support levels, signaling possible bullish momentum. The 4-hour Simple Moving Average (SMA) turning upward shows that the price is gaining traction in the short term. This shift is important, particularly because the SMA acts as a trend-following indicator, confirming that the market may be entering a phase of sustained positive movement. If Toncoin continues to hold above key support levels and the SMA remains positive, especially succeeding in testing and breaking through nearby resistance zones, it might lead to further gains. Toncoin Road To Recovery: Overcoming Resistance Zones TON is steadily making its way toward recovery, focusing on overcoming key resistance zones that have previously capped its price progress. If the cryptocurrency maintains its rally and breaks through the $6 resistance, it may trigger a more powerful rally, attracting additional traders and driving the price toward the $7.2 mark. However, should Toncoin fail to sustain its rally, it could face a retracement toward lower support levels, possibly revisiting areas like $5. Related Reading: Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish? This downward move is capable of dampening bullish sentiment, which might lead to a consolidation period or further downside. Therefore, as the altcoin navigates these challenging levels, its ability to break through and uphold positive momentum will be crucial in determining the next phase of its price action. Featured image from Adobe Stock, chart from Tradingview.com

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