Market Overview: Toncoin/Rupiah (TONIDR) on 2025-12-26

Summary
• Price surged to 25,634 IDR, forming a bullish breakout above 25,519, with high volatility in late afternoon.
• Volume spiked sharply at 11:00 AM ET, confirming strength in the upward move but no immediate RSI overbought signal.
• Bollinger Bands show recent expansion, suggesting increased volatility, with price closing near the upper band.
• A potential 61.8% Fib retracement appears at ~25,400, offering a watchful support level for near-term pullbacks.

At 12:00 ET on 2025-12-26, Toncoin/Rupiah (TONIDR) opened at 25,103 IDR, reached a high of 25,634 IDR, and closed at 25,563 IDR after trading between 25,103 and 25,634. Total 24-hour volume was 3,975.45, and notional turnover was approximately 81,550,346.70 IDR, reflecting increased activity in the final 5-minute candle.

Structure & Trends

Price action on TONIDR displayed a clear bullish impulse following a stalled bearish trend early in the session. A key resistance level at 25,519 IDR was decisively breached during the 5:30 PM ET candle, with subsequent consolidation until a sharp bullish move in the final hours. The 25,537–25,634 IDR range represents a recent local high, suggesting short-term bullish momentum.

Moving Averages and Momentum

Fast 20-period and 50-period moving averages on the 5-minute chart show TONIDR closing above both, reinforcing the upward bias. The 50-period moving average on the daily chart has been rising for the past three days, aligning with the broader bullish trend. Relative Strength Index (RSI) remains in neutral to slightly bullish territory, with no signs of overbought conditions yet.

Volatility and Volume

Bollinger Bands have widened following the breakout, indicating elevated volatility. Price closed near the upper band of the 20-period band, consistent with strong momentum. Volume spiked significantly during the 11:00 AM ET candle, confirming the price breakout and signaling increased participation.

Fibonacci and Key Levels

Fibonacci retracement levels of a key bearish swing (25,103–25,634) suggest 61.8% at ~25,400 and 38.2% at ~25,500. These levels appear to be critical near-term support zones. Price is currently resting above the 61.8% level, suggesting a possible continuation of the upward move if it remains above 25,400.

The market appears to be building bullish momentum with strong volume and price confirmation. However, a pullback to test the 25,400 level may occur in the next 24 hours. Investors should watch for confirmation above 25,634 IDR to signal further upside potential. As always, unexpected macro or project-specific news could disrupt the current trend.