The price of Toncoin (TON) has risen above the moving average lines since the bottom of the chart.
Toncoin price long-term prediction: bullish
TON’s price is flirting with a breakout, but twice now, bullish aspirations have met resistance at the moving averages. Recall July 6th: a stark reminder of what happens when buyers lack conviction – a swift and decisive plunge below, leaving hopes dashed and portfolios bleeding. Can they muster the strength this time, or will history repeat itself?
TON poised for a potential breakout! Today’s forecast hints at a surge towards unprecedented peaks of $3.40 to $3.60. A decisive bull run smashing through the $3.60 barrier could shatter TON’s prolonged sideways dance between $2.60 and $3.60, igniting a powerful uptrend. However, beware the 50-day SMA! A dip below this key indicator risks sending TON back into familiar territory above the $2.60 support, so keep a close watch on the charts!
Toncoin price indicators analysis
TON is staging a comeback! After weeks of battling bearish forces since June 12th, the crypto has decisively broken free, surging past both the 21-day and 50-day moving averages. This bullish momentum hints at a potential uptrend, signaling brighter days ahead for TON. Zooming in on the 4-hour chart, a clear picture emerges: price bars are now comfortably perched above the moving averages, further solidifying the positive outlook. Is TON poised for a sustained rally? Keep watching!
Technical Indicators
Resistance Levels: $6.00, $8.00, $10.00
Support Levels: $5.00, $3.00, $1.00
What is the next step for Toncoin?
Toncoin’s 4-hour chart painted a promising climb, only to be cut short. July 11th saw its ascent stall, slammed against the $3.00 resistance ceiling.
The altcoin is locked in a 48-hour tug-of-war, teetering above its 21-day SMA but struggling beneath the $3.00 ceiling. A bearish breach of this support zone could spell disaster, slamming the brakes on the recent upward momentum. Conversely, if the bulls can muster the strength to shatter the $3.00 barrier, expect the ascent to continue.
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