This Is Why Toncoin’s (TON) 5% Uptick May Not Hold

BE[IN]CRYPTO11-06

Toncoin (TON) rises 5% but faces bearish indicators, including resistance at $5.21 and potential trend reversal signals. Super Trend and Parabolic SAR indicators suggest selling pressure, with ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Is Why Toncoin’s (TON) 5% Uptick May Not Hold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/toncoin-price-rally-may-not-hold/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Toncoin (TON) rises 5% but faces bearish indicators, including resistance at $5.21 and potential trend reversal signals. \nSuper Trend and Parabolic SAR indicators suggest selling pressure, with ...</p>\n\n<a href=\"https://beincrypto.com/toncoin-price-rally-may-not-hold/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://beincrypto.com/toncoin-price-rally-may-not-hold/","article_id":"2481603066","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/04/bic_TON_toncoin-covers_bearish-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481603066","pubTimestamp":1730890800,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Toncoin  rises 5% but faces bearish indicators, including resistance at $5.21 and potential trend reversal signals.Super Trend and Parabolic SAR indicators suggest selling pressure, with resistance levels likely to cap further growth.If the market rally wanes, Toncoin may revert toward the $4.44 support level, signaling a potential downtrend.The price of Telegram-linked Toncoin  has surged 5% in the past 24 hours, accompanied by a 45% spike in trading volume. Currently, the altcoin trades at $4.78. Toncoin’s rally aligns with broader market momentum, reflected in a 10% increase in global cryptocurrency market capitalization over the same period.However, Toncoin’s technical indicators suggest a possible bearish shift that may limit further gains. This analysis examines the signals pointing to a potential reversal.As in TON’s case, sellers are in control when the Super Trend line turns red and appears above an asset’s price. The red line acts as a resistance level and indicates a price “","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","SAR":"Saratoga Investment Corp"},"translate_title":"这就是为什么Toncoin(TON)5%的上涨可能无法持续","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAR":1},"content_text":"Toncoin (TON) rises 5% but faces bearish indicators, including resistance at $5.21 and potential trend reversal signals. \nSuper Trend and Parabolic SAR indicators suggest selling pressure, with resistance levels likely to cap further growth. \nIf the market rally wanes, Toncoin may revert toward the $4.44 support level, signaling a potential downtrend.\n\nThe price of Telegram-linked Toncoin (TON) has surged 5% in the past 24 hours, accompanied by a 45% spike in trading volume. Currently, the altcoin trades at $4.78. Toncoin’s rally aligns with broader market momentum, reflected in a 10% increase in global cryptocurrency market capitalization over the same period.\nHowever, Toncoin’s technical indicators suggest a possible bearish shift that may limit further gains. This analysis examines the signals pointing to a potential reversal.\nToncoin Bears Are in Control\nAs of this writing, the red line of Toncoin’s Super Trend indicator rests above its price. This confirms the bearish bias toward the altcoin. \nThe Super Trend indicator identifies the overall direction and strength of a trend.  It appears as a line on the price chart, which changes color based on the trend direction: green for an uptrend and red for a downtrend. When the Super Trend line is below the asset’s price, it signals an uptrend, suggesting that bullish momentum is likely to continue.\nAs in TON’s case, sellers are in control when the Super Trend line turns red and appears above an asset’s price.  The red line acts as a resistance level and indicates a price “ceiling” where an asset’s price may face significant selling pressure. For TON, this stands at $5.21. \nRead more: Top 9 Telegram Channels for Crypto Signals in October 2024\nToncoin Super Trend. Source: TradingView\nTON’s Parabolic Stop and Reverse (SAR) indicator confirms the bearish outlook. At press time, the dots of this indicator, which also identifies potential trend direction and reversals, are above the altcoin’s price. When set up this way, there is a significant bearish bias against the asset, and a downtrend is underway.\nToncoin Parabolic SAR. Source: TradingView\nTON Price Prediction: Will Coin Hold or Slip?\nToncoin is currently trading at $4.78, hovering just above a critical support level at $4.44. If the broader market rally slows and bearish pressure increases, Toncoin could potentially retreat toward this support zone.\nRead more: 6 Best Toncoin (TON) Wallets in 2024\nToncoin Price Analysis. Source: TradingView\nOn the other hand, if the current uptrend remains strong, Toncoin may attempt to break through the $5.21 resistance level of its Super Trend. A successful move above this resistance could pave the way for the Toncoin price rally to continue toward $5.91.\n\n\n\n\nTop crypto platforms | November 2024\n\n\n\nChainGPT\nExplore\n                      \n\n\n\n\n\nBYDFi\nNo KYC \n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\nСoinex\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto platforms | November 2024\n\n\nChainGPT\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex\n\n\n\n\n\n\n\n\nСoinex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481603066"}