Toncoin’s price recently failed to breach the crucial $6.00 resistance level, stopping at $5.96. The MACD indicator shows weakening bullish momentum, with receding green bars indicating this trend.
However, this doesn't signal an outright reversal as long as the MACD stays above the neutral line. Meanwhile, the share of short-term investors has dropped from 26% to 15% over the last ten days, reducing price volatility.
Toncoin currently trades at $5.81 and could aim for $6.36 if it successfully flips $5.96 into support. Failure might result in a trading range between $5.37 and $5.96.
