Toncoin’s (TON) price tested the ascending trendline support on Monday, rebounding by 10% and currently trading at fresh weekly highs around $7.65 as of Thursday.
Toncoin price tested the ascending trendline support on Monday, trades at fresh weekly highs on Thursday. On-chain data suggests growing activity and interest within the TON’s ecosystem. A daily candlestick close below $6.88 would invalidate the bullish thesis. Toncoin’s price tested the ascending trendline support on Monday, rebounding by 10% and currently trading at fresh weekly highs around $7.65 as of Thursday.
40% Fibonacci extension level, drawn from the swing low of $4.60 on May 1 to the swing high of $8.29 on June 15. The Relative Strength Index and Awesome Oscillator indicators are firmly above their respective mean values of 50 and zero, indicating that the bullish momentum is still in control. TON/USDT daily chart According to data from the Coinglass Total Liquidations chart, on June 18, long positions totaling $1.
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