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Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Yet
Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level.
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Let’s take a look at a comparison between Bitcoin’s 2022 FTX crash and 2015 Bitfinex crash
Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an as…
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The fall of FTX and the subsequent Bitcoin's (BTC) price crash to new lows in 2022 resembles the same price action we saw in the aftermath of the Bitfinex-induced crash in 2015. This fractal comparison is a potential guide to…