Toncoin shows significant price recovery: In the last 24 hours, Toncoin surged over 7%, reaching a market cap close to 16,000,000,000 USD. The Relative Strength Index (RSI) improved from an oversold low of 18, now at 47, indicating increasing buying pressure.
Supply drop indicates reduced selling pressure: Toncoin’s supply on exchanges fell from 1,910,000 to 1,850,000, suggesting diminished selling pressure and restoring investor confidence. Despite a bearish death cross formed in EMA lines, short-term indicators hint at a potential recovery.