TON Price Analysis of March 12, 2025: Ton Recovered From $0.2354 Carsh and Eyes to Break $2.739 Next
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Are you tracking the TON price today and looking for the next big move? TON price analysis reveals significant fluctuations, including an upward trend, a breakout, and a potential retracement in the past 24 hours. Bulls are pushing for higher gains, but resistance at key levels poses a challenge. Meanwhile, bearish signals suggest a possible reversal. As traders monitor crucial price zones, the TON price prediction focuses on support and resistance. Will TON sustain its bullish momentum, or is a downturn approaching? Let’s dive into the latest market trends to assess the next possible move.
TON Breaks Resistance at $2.660, Faces Rejection Amid Volatility
The trading day of March 11th began with a death cross on the MACD line, triggering a downward move. An oversold RSI at 00:50 UTC led to a sharp drop, reaching the $2.354 support level. However, a golden cross at 1:25 UTC initiated an upward channel, causing a price spike and strong momentum. Overbought RSI conditions at 5:10 UTC and 8:10 UTC further fueled the rally, pushing the price towards resistance at $2.660. At 12:05 UTC, a death cross suggested a bearish shift, and oversold RSI readings at 13:05 UTC and 14:45 UTC confirmed the decline.
Chart 1, Analyzed by ShwetaCW, published on TradingView, March 12, 2025
Based on Ton price analysis, at 15:05 UTC, another golden cross marked the start of a fresh upward trend, leading to a breakout. Overbought RSI levels from 18:20 UTC to 19:05 UTC sustained the rally until the price hit resistance at $2.739. The 19:25 UTC death cross then triggered a downward move, signaling trend exhaustion. As the price dropped, oversold RSI readings at 23:30 UTC and 23:45 UTC forced a retracement. The previous resistance level turned into a temporary support, stabilizing the price.
TON Price Finds Strong Support at $2.590 Before Upward Recovery
The trading day of March 12th began with an upward move, as the MACD line formed a golden cross at 00:15 UTC. The price climbed, reaching an overbought RSI at 1:50 UTC. However, a death cross at 2:20 UTC triggered a downward trend, bringing the price into the trading range. An oversold RSI at 4:40 UTC helped establish support at $2.590. A golden cross at 4:45 UTC led to price fluctuations, and overbought conditions at 5:55 UTC, 7:50 UTC, and 8:50 UTC pushed the price higher.
TON Market Prediction
TON price analysis highlights significant price movements, with a breakout and fluctuations shaping the market. TON price today shows resilience, testing key levels as traders assess the next move. If bullish momentum continues, the price could break the $2.739 resistance, leading the way for further gains. However, if bearish pressure strengthens, it could fall below the $2.590 support, suggesting a potential decline. TON price prediction remains uncertain, with market trends dependent on trading volume and momentum shifts. Traders should watch for confirmation of either a breakout or breakdown to anticipate the next move.
The post TON Price Analysis of March 12, 2025: Ton Recovered From $0.2354 Carsh and Eyes to Break $2.739 Next appeared first on Coinfomania.
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