Toncoin (TON) price has experienced a significant rise in its Relative Strength Index, moving from an oversold position to a neutral level. Despite this increase, the RSI remains in a neutral range, indicating no clear trend dominance.

Additionally, the stable supply of TON on exchanges suggests traders are hesitant to commit to major moves. With the EMA lines showing a weak bearish alignment, TON appears to be in a consolidation phase.

TON RSI Is Currently Neutral

TON’s RSI is currently at 45.56, a notable increase from 30 on October 9. This recent uptick indicates that buying momentum has improved, with a recovery from oversold conditions just a few days ago. The move up from 30 suggests that selling pressure has significantly weakened, leading to a stabilization in price action.

However, despite this upward shift, the RSI is still within a neutral range. The current level reflects a market in transition, where neither buyers nor sellers have taken firm control.

RSI, or Relative Strength Index, is a momentum oscillator used to gauge the speed and magnitude of recent price changes. RSI values above 70 indicate an asset may be overbought, suggesting a possible pullback. On the other hand, values below 30 typically signal oversold conditions, often hinting at a potential reversal upward.

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TON’s current RSI of 45 sits comfortably between these extremes. In this neutral zone, RSI does not offer a clear directional cue, implying that TON price might continue its consolidation phase.

The market appears to be searching for clarity, with current momentum insufficient to drive a strong breakout or breakdown. As a result, it’s entirely possible that TON remains range-bound in the near term, waiting for a more definitive catalyst to shift its trend direction.

Toncoin Supply On Exchanges Is Stable

Between September 29 and October 2, TON’s supply on exchanges declined substantially, dropping from 2.29 million to 1.56 million. This significant reduction suggests that many holders were withdrawing their tokens from exchanges, possibly moving them to personal wallets. Since then, however, the supply on exchanges has risen slightly, now sitting at 1.63 million.

This partial recovery may indicate some traders are preparing to re-enter the market, potentially seeking trading opportunities. Despite this rebound, the overall supply remains well below the late September levels, showing a shift in investor sentiment compared to the prior surge in exchange balances.

Typically, when a coin’s supply on exchanges increases, it’s seen as a bearish signal. Coins moved to exchanges are often intended for selling, creating additional selling pressure.

This is exactly what happened during the early October period for TON, when the price dropped from $5.88 to $5.34 in response to increased exchange supply. However, the recent stability in the supply of TON on exchanges suggests that the market may not currently have a strong directional bias.

The relative stability of around 1.63 million implies that traders and investors are waiting on the sidelines, neither accumulating in personal wallets nor preparing for a significant sell-off. This period of calm indicates indecision, as market participants are waiting for clearer signals before making further moves.

This suggests that TON may remain in a consolidation phase until a catalyst shifts the balance either way.

TON Price Prediction: Possible Rebound Back to $6.13?

Currently, TON’s EMA lines indicate a bearish trend, with short-term moving averages positioned below the long-term ones. This alignment typically signals that downward pressure is prevailing. However, the distance between the short-term and long-term EMAs is quite small, suggesting that the bearish trend may not be particularly strong.

When these moving averages are close to each other, it implies that price momentum is not decisively negative, and any shift in market sentiment could quickly alter the trend direction. The convergence of these lines is a sign of uncertainty, indicating that traders should be cautious before making assumptions about a sustained downturn.

EMA, or Exponential Moving Average, is a technical indicator used to track the average price of an asset over a specific period. It gives more weight to recent price data to better reflect momentum. Short-term EMA lines respond quickly to price changes, while long-term EMAs are slower to react.

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When the short-term EMA falls below the long-term EMA, it signals that recent price action is weaker compared to the longer trend. This is typically interpreted as bearish.

If this current downtrend in TON becomes more pronounced, the price could test lower support levels, potentially dropping to $4.99 or even $4.78. However, should sentiment improve and the trend reverse, TON price could recover to retest the $5.88 zone and possibly move higher to $6.13, suggesting a renewed bullish momentum.

The small gap between EMA lines makes both scenarios possible, depending on how market forces evolve.

Leading political finance (PolitiFi) coins have defied the broader market trend, experiencing price declines in the past 24 hours. ConstitutionDAO (PEOPLE) and Maga (MAGA) saw their values drop despite overall market stability.

These movements come as the US election day, set for November 5, approaches, adding uncertainty to the performance of these politically linked tokens.

ConstitutionDAO Loses Steam

PEOPLE currently trades at $0.08, registering a 2% drop over the past 24 hours. During that period, its trading volume has surged by 17%. A price drop accompanied by rising trading volume suggests that many traders are selling the asset, creating downward pressure.

PEOPLE’s negative Chaikin Money Flow supports this bearish bias. As of this writing, it is at -0.01 and in a downward trend. 

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When both price and CMF are declining, the bearish sentiment is strengthened. The falling price shows weakness, and the negative CMF confirms that traders are not accumulating the asset, further reinforcing the downward momentum.

If the downtrend continues, PEOPLE’s price could drop by 26%, reaching $0.06. Should the bulls fail to defend this support level, a further decline to $0.05 may occur.

The Demand for MAGA Grows Weaker

MAGA is another leading PolitiFi coin whose value has plunged over the past 24 hours. The meme coin currently trades at $0.00014, noting a 10% price drop during the period on review. Its technical setup, assessed on a 12-hour chart, confirms the waning accumulation.

For example, readings from its moving average convergence/divergence (MACD) indicator show its MACD line (blue) below the signal line (orange). This indicator tracks a trend’s momentum. When set up this way, it signals weakening momentum and indicates a downward price trend.

Additionally, MAGA’s Elder-Ray Index has fallen below zero, sitting at -0.000027. This indicator assesses the strength of buyers and sellers, with a negative value signaling that sellers are currently stronger, reflecting bearish market sentiment. If this trend continues, MAGA’s price could decline by 57%, potentially reaching $0.000061.

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However, if the altcoin witnesses a resurgence in demand, MAGA’s price may rebound and climb toward $0.0031, invalidating the bearish projection. 

Jupiter (JUP) price recently surged over 10% following news that Grayscale added the coin to its list of 35 altcoins under consideration for investment. This positive development has driven renewed interest in JUP, sparking an uptrend in the market.

While some metrics point to continued strength, others suggest that the uptrend may face challenges ahead. Let’s explore these indicators to understand what might be next for JUP.

JUP Current Uptrend Is Very Strong

The recent news from Grayscale has resulted in JUP’s Average Directional Index (ADX) jumping to 39.76. The ADX is a measure of trend strength, with values above 25 typically indicating a strong trend in the market.

In this case, a value near 40 is substantial and signifies that the current price trend has significant momentum. Importantly, ADX itself does not indicate the direction of the trend — it simply shows how strong it is.

Given the recent upward price action and the ADX value, it is clear that the trend pushing JUP higher is gathering force. Such an ADX reading gives traders confidence that the trend is not weakening, suggesting that the recent surge may continue.

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When analyzing the Directional Movement Index (DMI) chart for JUP, the D+ line stands at 37.99, while the D- is at 10.69. The DMI consists of two components, the positive directional indicator (D+) and the negative directional indicator (D-), which help in identifying whether buyers or sellers have the upper hand.

In JUP’s case, a D+ of 37.99 compared to a D- of 10.69 shows that buyers are dominating the market. A higher D+ means that upward pressure significantly outweighs downward pressure, reflecting strong bullish sentiment. The combination of a high ADX value and the considerable difference between D+ and D- suggests that the current uptrend is strong and likely to persist.

This setup indicates that JUP has the potential for further price growth, as buyers maintain a solid advantage over sellers, driving continued positive momentum.

This Metric Shows The Party Could Be Over Soon

On the other hand, JUP’s BBTrend is currently at 3.38, reflecting a relatively subdued level of momentum compared to recent highs. The BBTrend indicator has been hovering around this value for the last few days, showing a significant drop from the level of 13 that it reached at the end of September when JUP experienced a price spike.

This decline suggests that while the current price movement is positive, it may lack the intensity seen during the previous rally. The contrast between the current BBTrend reading and the peak in late September reveals that momentum has somewhat cooled off since the earlier spike, indicating a potential weakening in bullish strength.

BBTrend, or Bollinger Bands Trend, is a metric used to gauge the strength and direction of price movements in relation to the Bollinger Bands. It essentially measures the price’s position relative to the band and can indicate whether an asset is experiencing a strong trend or volatility.

A higher BBTrend value suggests that the price is actively moving toward the outer bands, implying strong momentum and significant price volatility.

Although the Directional Movement Index (DMI) and ADX indicate that the current uptrend is strong for JUP, the relatively low BBTrend value raises questions about the sustainability of this trend. It hints that while the price direction is decisively upward, the volume and overall market enthusiasm may not be sufficient to maintain the same level of strength going forward.

This divergence between strong trend indicators and a moderate BBTrend suggests that the current trend could face challenges, especially if the buying volume does not pick up.

JUP Price Prediction: Is It Set To Be Back to $1.22 Soon?

JUP’s shorter Exponential Moving Average (EMA) lines have recently crossed above the longer-term EMA lines, which is often considered a bullish signal. This type of crossover indicates a shift in momentum where recent price movements are outpacing the average price over a longer period, suggesting that buyers are stepping in and gaining strength.

However, one short-term EMA line is still attempting to cross above the longer-term ones, indicating that while the bullish trend is forming, it has not yet fully matured. The full crossover of all short-term EMA lines above the longer-term ones would further solidify the bullish sentiment and confirm the presence of a strong upward trend.

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EMA lines are a type of moving average that gives more weight to recent price data, making them particularly responsive to the latest price changes. Traders often use EMA crossovers to identify shifts in market trends. When shorter EMAs cross above longer ones, it is typically interpreted as a signal that momentum is turning positive and a potential rally could be on the way.

If JUP’s remaining short-term EMA line also crosses above the long-term lines, it would likely strengthen the existing uptrend, paving the way for JUP to test key resistance levels at $0.96 and $1. Should the momentum be strong enough, JUP price could potentially target $1.22, which would represent a substantial 38% price surge.