Toncoin price is currently in a critical phase, down 12% in the last 30 days. The RSI for TON has moved into a neutral zone, reflecting uncertainty among traders about its next direction.

Simultaneously, a modest increase in supply on exchanges signals potential selling pressure. The EMA lines display a bearish configuration, but narrowing gaps between them hint at a possible momentum shift in the near future.

TON RSI Is Currently Neutral

TON’s Relative Strength Index (RSI) has recently dropped to 44.50, down from 54 just a day ago. This decline indicates that the buying pressure for TON has decreased, suggesting a weakening in the recent upward momentum.

The drop into the 40s signals that bearish sentiment might be gaining strength compared to earlier levels.

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RSI, or Relative Strength Index, is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions. Currently, TON’s RSI at 44.50 is sitting in a neutral zone.

It points to some loss of buying momentum, but it does not indicate extreme selling pressure. The RSI being close to 50 still leaves the possibility for price swings in either direction, depending on upcoming market sentiment.

Toncoin Supply on Exchanges Is Increasing

The supply of TON tokens on exchanges has increased to 1.7 million, up from 1.65 million just a week ago. This rise suggests that more TON tokens are being moved onto exchanges, which could be a signal that some holders are preparing to sell.

While the increase isn’t drastic, it is worth monitoring as it may hint at shifting sentiment a

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Author: Tiago Amaral