Toncoin Price Dey Trapped for $2.80–$3.60 Range, SMAs Na Key for Breakout
Toncoin price don hold for one horizontal trading range wey dey between about $2.60 and $3.60 since April, e begin tight reach $2.80–$3.60 for May. Toncoin price wey dey move above im 21-day and 50-day simple moving averages (SMAs) show say momentum dey strong, but anytime e try pass $3.60 resistance, e dey reject am because heavy sellers dey, na so long candle wicks dey show am. For short time frame, anytime e drop below both SMAs, e still hold ground for $3.10 wey be low inside the range. Immediate support dey for $3.50, $3.00 and $2.50, major resistance dey go reach $4.00, $4.50 and $5.00. As of now, buyers and sellers de balance well, e look like neutral as traders dey wait sharp break pass 21-day SMA and $3.60 barrier. To spot breakout or extended consolidation, e go important to check volume shifts alongside SMA.
Neutral
Toncoin don dey consolidate long time for di $2.60–$3.60 range, plus balanced buy-sell movements an di repeated rejection for di 21-day SMA and di main $3.60 resistance dey show say market no dey favor either side for short term. Even though price hold over di 50-day SMA mean say e get some bullish force underneath, di steady selling pressure for resistance and no strong volume dey show say upside fit be small now. For long term, if price fit break steady pass di moving averages and di $3.60 barrier, e fit turn market to bullish, but if e fail, e fit continue sideways trading or e fit test lower support levels.