The post Toncoin Recovery Rally Gains Steam with 277% Trading Volume Boost appeared on BitcoinEthereumNews.com.

Toncoin’s price surged by 8% in the last 24 hours, suggesting a bullish reversal. TON trading volume surged by 277% indicating buying momentum. Toncoin (TON) is currently exhibiting signs of a possible bullish reversal as buyers come in at key support zones in an effort to reclaim the market following a long-lasting bearish trend. As per CMC data, the altcoin is trading around the $2.76 mark, and the bulls are trying to hold the major support area and prepare to break out of the 50-day exponential moving average. The technical environment is a mixed, but gradually more encouraging one. Toncoin is also far below the 200-day EMA at $3.6622, and it means that the long-term trend is still bearish. Nonetheless, the immediate attention is drawn to the 50-day EMA at $2.9949 that has been serving as a major resistance point. The price action indicates that the bulls are building up strength to break this important technical resistance where buyers are always coming in at the lower support levels. The momentum indicators are showing a positive outlook on the possible upward trend. The RSI has risen to 52, which places it above the 14-period simple moving average line, which is a conventional indicator of increasing bullish momentum. This reading implies that the selling pressure is weakening and buyers are starting to take control of the price action. What’s Next For Toncoin? Source: Tradingview The MACD indicator gives further evidence of the developing technical set up. The MACD line has just crossed bullishly above the signal line and the histogram has changed to green color which shows that positive momentum is gaining. The fact that bullish indicators are congruent on several timeframes indicates that Toncoin might be gearing up to make a more significant recovery move. The social sentiment has also turned…

---

Filed under: News - @ July 7, 2025 4:07 am