Looking at key technical indicators the daily RSI currently sits at 57 indicating building bullish momentum. There’s still room for further uptrend before reaching overbought conditions.
While currently bearish with the MACD line below the signal line a bullish crossover appears likely to happen. This could signal a potential trend reversal and further price appreciation.
Several metrics also show a positive picture for TON. According to 90% of TON holders are currently in profit at the current price with only 3% at a loss. This high profitability rate often correlates with holder confidence and reduced selling pressure.
The TON blockchain has also seen an increase in of $678.79 million. This represents an increase from $156.59 million just two months ago on April 27th. Rising TVL often indicates growing confidence in a network’s DeFi ecosystem.
