The Open Network (TON) has experienced a roller-coaster of price movement in the past 24 hours. The cryptocurrency market saw TON’s price oscillating within a relatively tight range, with clear signs of buying and selling pressure. TON started the day at approximately $5.21 and faced fluctuations that tested various support and resistance levels.
Support and Resistance Levels
TON faced a significant dip in the early trading hours, finding strong support around the $5.19 level. This marked a point where buyers stepped in, preventing further decline. On the flip side, the $5.23 level provided notable resistance, as price action repeatedly tested this level, only to be rejected. These levels will continue to be crucial in the next 24 hours.

The chart shows four exponential moving averages (EMAs)—the 20, 50, 100, and 200-period EMAs—which are important tools for understanding price trends. TON has spent most of the time oscillating around these EMAs, especially the 50 EMA, currently near $5.21. A noticeable point is the convergence of the 20 and 50 EMAs, indicating a moment of price consolidation. If TON breaks above the 200 EMA, we could see upward momentum, but failure to hold support could push the price lower.
Related article: Can Toncoin Hold Above $5.37? A Crucial Moment for Investors!
RSI Divergence Indicates Momentum Shift
The Relative Strength Index (RSI) divergence, displayed on the chart, indicates possible bullish momentum in the near term. With a current RSI value of around 12.54, which is rising, it reflects that TON might gain strength from the oversold territory. Traders should watch for signs of RSI pushing toward the neutral 30-70 zone, indicating more market stability.
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Conclusion
TON has demonstrated resilience despite fluctuations. The price continues to face resistance at $5.23, while the $5.19 level serves as a crucial support. If the market can push through these levels, TON might witness stronger trends, either upward or downward. Watch for further developments around the key EMAs and the RSI indicator for possible trend reversals.
