TON Price Analysis: Toncoin Shows Bullish Momentum Above Key Moving Averages
The post TON Price Analysis: Toncoin Shows Bullish Momentum Above Key Moving Averages appeared on BitcoinEthereumNews.com.
Darius Baruo
Sep 13, 2025 10:35
TON trades at $3.25 (+1.82% daily) with technical indicators signaling potential upside as Toncoin breaks above critical resistance levels.
Quick Take • TON currently trading at $3.25 (+1.82% in 24h) • Toncoin’s RSI at 54.44 indicates neutral momentum with room for upside • MACD histogram turning positive suggests bullish momentum building • No significant news catalysts in past week, price action driven by technical factors What’s Driving Toncoin Price Today? The TON price movement over the past 24 hours appears driven primarily by technical factors rather than fundamental news, as no significant developments have emerged in the past week. This price action suggests that Toncoin is responding to key technical levels and broader market sentiment. The 1.82% daily gain brings TON closer to testing immediate resistance levels, with trading volume of $17.8 million on Binance spot indicating healthy market participation. The absence of major news events allows traders to focus purely on technical analysis and chart patterns for Toncoin. TON Technical Analysis: Bullish Signals Emerge Toncoin technical analysis reveals several encouraging indicators for bulls. The most significant development is TON’s position above key short-term moving averages, with the current price of $3.25 sitting above both the 7-day SMA ($3.16) and 20-day SMA ($3.14). TON RSI currently reads 54.44, placing it in neutral territory with ample room for upward movement before reaching overbought conditions. This TON RSI level suggests that any bullish momentum has space to develop without immediate technical resistance from momentum indicators. The MACD picture for Toncoin shows mixed but improving signals. While the MACD line remains negative at -0.0229, the MACD histogram has turned positive at 0.0196, indicating that bearish momentum may be weakening and bulls are gaining control. Toncoin’s stochastic indicators paint a…
Filed under: News - @ September 14, 2025 4:29 am