TON Market Momentum Overview
$TON

Moving Averages (MA):

200 SMA (Simple Moving Average): Positioned at 5.335, currently above the price, indicating a bearish trend.

Relative Strength Index (RSI):

RSI (14): 38.68, which shows a reading in the lower range, indicating potential oversold conditions. However, it’s not yet at extreme levels.

Moving Average Convergence Divergence (MACD):

MACD Line: -0.008Signal Line: -0.079Histogram: -0.071The MACD is below the signal line, and both are negative, suggesting a continuation of the bearish momentum.

Support and Resistance Levels:

Closest support level: Around 4.800, as indicated by the lower rectangular box.Nearest resistance: Approximately around the 5.335 level (200 SMA).

Bullish/Bearish Scenarios:

Bullish Scenario: If the price breaks above the VWAP (4.898) and sustains above the 200 SMA (5.335), it could signal a reversal and provide a bullish outlook, potentially targeting higher resistance levels.

Bearish Scenario: A continuation below the VWAP and the existing lower support at 4.800 may indicate further downside momentum, with possible targets at lower support levels not specified in this chart.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making investment decisions.