Toncoin (tone) is up 7.2% in the last seven days, despite pointed price swings motivated by confusion around a potential integration of Grok Ai with the telegram. The initial excitement followed the announcement by Pavel Durov of a one year agreement, but Elon Musk quickly denied any formal agreement, triggering a rapid reversal.
Durov later said that the agreement was only “in principle”, adding to uncertainty. Mixed messages have shaken investors’ confidence, but you have kept recent gains while traders weigh both technical signals and additional updates.
RSI Tonceoin Signals possible
Toncoin (ton) experienced strong volatility after mixed signals on a Telegram-Xai partnership. The founder of Telegram, Pavel Durov, announced an integration of one year old, sending tons of more than 20%.
But the rally is quickly. Elon Musk denied any official agreement, saying: “No agreement has been signed”, which lowers tone in the 30 minutes. Durov later said that he was only agreed “in principle”.
The contradictory messages have shook the confidence of investors and created the uncertainty of the market.
Technically, the Relative Toncoin force index (RSI) is currently at 69.47, down compared to the intraday peak of yesterday of 81.55.
The RSI is an oscillator of Momentum which varies from 0 to 100 and helps to identify the exaggerated or occurrence conditions – the readings greater than 70 generally indicate an overly hidden territory. At the same time, the values less than 30 suggest that the asset can be occurred.
The rapid leap of tone from 45.47 to 80 in one day has highlighted extreme purchase pressure after the initial announcement.
With the RSI hovering just below the over -rascal threshold, the indicator suggests that the bullish momentum cools. Without a strong fundamental support, Toncoin could be confronted with a consolidation of additional prices or a potential short -term decline.
The graph in ton shows weakening the momentum despite the bullish configuration
Toncoin is exchanged over the Ichimoku cloud. The price is between the Blue Tenkan-Sen (conversion line) and the Green Chikou Span (Lunging Span), showing a bullish momentum in the short term.
Tenkan-sen is slightly above the red Kijun-Sen (basic line), which supports a continuous ascending bias. However, the gap between them narrows, suggesting that the trend is weakening and could be reversed if buyers are not intervening soon.
The upcoming cloud (Kumo) is thin and optimistic. The Senkou Span A (Green Leading Span) is above the Senkou Span B (red head span).
However, the flat nature and the low altitude of the future cloud compared to recent candles suggest that the momentum could stall unless another catalyst arises.
The Span Chikou remains above the price action there are 26 periods, confirming the current optimistic position, but if it plunges below, a trend reversal warning would emerge. For the moment, Ichimoku signals a cautiously optimistic but weakened trend for ton.
TONORCOIN Form Golden Cross – The bulls grow around $ 4?
Toncoin recently formed a golden cross – a bullish technical model that occurs when a short -term mobile average crosses a long -term average – indicating the potential start of a sustained increase trend.
This crossover often attracts Momentum traders and is generally considered to be confirmation of increasing pressure.
If this upward configuration holds, your could continue to climb and possibly test the resistance around the level of $ 3.59, an area which could act as a rupture trigger if it is accompanied by a strong volume.
However, if the bullish impulse fades and the trend is reversed, your can again be supported at $ 3.22. A break below this level could lead to a deeper correction, the following key support located nearly $ 2.91.
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