The 20-day EMA is flattening out and the RSI is just above the midpoint, indicating that the bears may be losing their grip. Buyers will try to push the price to the 50-day SMA and subsequently to the overhead resistance at $22.30. This level is likely to attract strong selling by the bears.
This positive view will invalidate in the near term if the SOL/USDT pair turns down and plummets below $18.50. The pair could then retest the strong support at $17.33.Toncoin is currently in a strong uptrend. The bulls are trying to strengthen their position further by pushing the price above $2.59 but the bears have held their ground.Although the up-move is facing selling near $2.59, the bulls have not ceded ground to the bears.
The upsloping moving averages indicate advantage to buyers but the overbought level on the RSI warns of a possible correction or consolidation in the short term. The first support for TON price on the downside is $2.25 and the next level to watch out for is $2.07.