Toncoin’s week? Roller coaster. Up 7.2%, the sudden rise triggered by wild speculations around a Grok AI-Telegram integration. Lunging to the buy-side upon Durov’s one-year deal announcement, only to retreat for good, the investors of Toncoin-lord learned a hard lesson: even hype in crypto, if leveraged by artificial intelligence, should be subjected to a reality check.
The much-publicized clarification of Mr. Durov – in fact, a brush “in principle” with another exalted personage – could mix fuel to the wild fire of the uncertainty. Investor nervousness cast dark shadows over TON’s hard-won gains, while traders steered through a grayish carpet of technical indicators and critically awaited last-minute announcements.
Toncoin RSI Signals Possible Reversal
Toncoin (TON) saw much wild price action upon rumors that Telegram was working with xAI. Pavel Durov’s teasing of the Grok AI integration with Telegram sent buyers rushing to buy, briefly pushing TON past 20% in gains before gravity took hold. Such market reactions go to show the powerful and nonetheless unstable influence of AI speculation in the crypto space.
The rally was brief. Just as rapidly as TON had soared on rumors of partnership with Musk, reality came crashing down.Musk extinguished the last of the flame by stating: “No deal has been signed,” following an immediate market dive that lasted barely half an-hour. The later clarification by Durov – of an agreement “in principle” – did nothing to stem the bleeding.
The conflicting messages shook investor confidence and created market uncertainty.
TON RSI. Source: TradingView.
Technically, Toncoin’s Relative Strength Index (RSI) currently sits at 69.47, down from yesterday’s intraday peak of 81.55.
Think of RSI as a type of speedometer for price momentum, but instead of miles per hour, it measures how strong the recent price changes for a stock are on a scale of 0 to 100. Once the RSI crosses above 70, the market is pressing a gold gas pedal and you can expect a coming pullback. The other way, when it dips below 30, it can be considered a buy-the-dip signal, signaling a possible rebound for the asset.
TON’s rapid jump from 45.47 to above 80 within a day highlighted extreme buying pressure following the initial announcement.
Toncoin’s RSI is flirting with an overbought condition, hinting that the bulls may be taking a break. But caution if you have not. Without really solid footing beneath this rally, Toncoin is just as likely to grind sideways or, worse, pull a fast exit.
TON Chart Shows Weakening Momentum Despite Bullish Setup
Toncoin flexes some muscle! Above the Ichimoku Cloud, the price is caught in a tug-of-war between the Tenkan-sen’s seductive blue and the Chikou Span’s calm green gaze. Whispers of bullishness hint at an impending breakout. Keep your eyes peeled!
The Ichimoku lines reveal much of the trend. If the Tenkan-sen is above the Kijun-sen, it means things are poised to ramp up. But this signal is flickering: the gap seems to be narrowing-a snoop of hesitation! And so the bullish momentum is on a knife’s edge, ready to fall apart if the buyers fail to keep it igniting!
TON Ichimoku Cloud. Source: TradingView.
The cloudy trading skies are clearing; a bullish Kumo as thin as a gossamer suggests sun ahead. There is an opening for prosperous investment since Senkou Span A is high above the red clouds of Senkou Span B.
Just as the present flatness of the cloud is hovering above the recent candle flame, it hints toward a stall potential. Unless a new gust is behind its sails, momentum stands at risk of simply fading away.
TON’s bullish run stands at a crossroads. The Chikou Span, presently soaring above the price action of 26 periods past, promises good things. But if there is even a slight fall below this experienced ground, alarms will ring. Such an event would definitely hint at a possible trend reversal. For now, Ichimoku whispers of a cautiously bullish view that is fading for TON.
Toncoin Forms Golden Cross Will Bulls Push Toward $4?
Just flashed a golden signal for Toncoin! A very bullish formation of ‘golden cross’ also appears, where short-term momentum is surging past long-term trends, to be followed by an explosive and sustained upside trajectory. Strap in for liftoff!
This crossover often attracts momentum traders and is generally seen as a confirmation of growing upward pressure.
TON Price Analysis. Source: TradingView
This TON is coiling like a viper ready to strike! There is much focus on $3.59, and if that ceiling is shattered with venomous volume, the crypto could destroy everything and rush furiously upward.
If the bullish pointer starts to lose in momentum or the tide turns against the bulls, TON could easily be dragged back to $3.22 for a gut check. If that sanity exists, then brace for a more sudden fall as the next cushion is held thin at $2.91.
Thanks for reading What to Expect from Toncoin (TON) in the Short-Term
