Toncoin's (TON) Relative Strength Index (RSI) has moved from an oversold position to a neutral level, indicating improved buying momentum, yet the market remains indecisive with no trend dominance.
The stable supply of TON on exchanges suggests hesitancy among traders to initiate major moves, with EMA lines indicating a potential weak bearish alignment and a continuation of consolidation.
The RSI's rise to 45.56 from 30 highlights a reduction in selling pressure, stabilizing price action. However, without clear direction, TON remains in a transitional phase.
The supply of TON on exchanges shows a significant decrease followed by a slight recovery, hinting at market sentiment shifts and cautious re-entry by traders.
EMA alignment suggests a prevailing bearish trend, but the small gap between short-term and long-term EMAs reflects market uncertainty. A potential reversal could lead to a bullish shift, targeting $6.13.
Overall, the market's lack of clear momentum and Toncoin's consolidation phase are characterized by indecision, awaiting a catalyst for definitive direction.
