#Toncoin Price Analysis

The rebound of Toncoin (#TON ) is facing selling pressure from the moving averages, which shows that bear selling remains strong at higher levels.

The 20-day EMA ($5.84) has leveled off and the RSI is just below the midpoint, showing a balance between supply and demand in the market. This increases the possibility that Toncoin may fluctuate in a range in the short term.

If buyers can push the price above $6.10, the TON/USDT pair may rebound to $6.50 and further rise to $7.