Toncoin trades at its highest since 2022 – What prompted the s | Crypto Portal

Toncoin trades at its highest since 2022 – What prompted the surge?

A TON-around imminent?
An assessment of TON’s price movements in a daily chart revealed that the increased trading activity in the past two days pushed the token’s key momentum indicators to overbought highs.

Typically, a widening gap between the upper and lower bands suggests that price movements are experiencing significant volatility. Traders often interpret this to mean that the market is becoming increasingly unpredictable. There is also a potential for large price swings.