Toncoin (tone) starts making waves again, showing renewed signs of force after having managed to get out of a long -standing channel on the daily graph. This escape marks a central moment for the token, potentially signaling the end of the recent decline trend and referring to the early stages of a new upward trend.
While the crypto market shows signs of renewed vigor, Toncoin seems to position itself as one of the most remarkable artists of this emerging cycle. The fact that this escape marks the beginning of an upward trend or one in the face of temporary opposite winds will depend both on technical monitoring and the wider feeling of the market.
A potential trend in manufacturing
According to Profit Demon in a recent article on X, Toncoin shows an important force by remaining above the descending channel on its daily graph. This technical training is crucial because it signals a change in market dynamics after a period of weakness and decrease.
Profit Demon noted that you had already faced a strong correction. However, the last price action indicates a recovery, Toncoin finding solid support for a key level. This level is now used as a critical basis, offering the potential of a new upward movement.
He also pointed out that if the bullish momentum continues to grow, you could target several key resistance levels. With the current feeling of the market promoting a recovery, the price of tone can increase towards the level of $ 4.10. A successful escape above this brand would consolidate the trend raised, propelling it at $ 4.90 and $ 5.60.
Can Toncoin maintain current trends and trigger a rally?
For your rally to maintain, the relative force index (RSI) plays a key role. The RSI must remain in the optimal beach from 40 to 70, avoiding excessive conditions greater than 70. If the RSI remains above 50 and outside exaggerated territory, Toncoin will have room for greater appreciation. A break above the levels of resistance of the keys while maintaining the RSI in this beach would reinforce the optimistic case.
The divergence of mobile average convergence (MacD) is another critical indicator to monitor. Currently, the MacD has shown signs of upward divergence, suggesting that the momentum moves in favor of the bulls. In order for the rally to continue, the MacD line must remain above the signal line, confirming that the purchase of the pressure prevails over the sales pressure.
Finally, volume analysis is essential to confirm the strength of price movement. A rally supported by the increase in volume signals according to which the trend is supported by real demand and a temporary peak. To maintain an increase movement, the volume of trading must increase as the ton is breaking through the levels of resistance. A higher volume indicates a real interest of traders, which strengthens the trend, while the lower volume can suggest a lack of conviction, limiting the longevity of the rally.
