Toncoin (Ton) is trading between $2.50 support and a $4.00 high at the bottom of the chart.
Long-term Toncoin Price Prediction: Bearish
However, since April 6th, cryptocurrency is limited to trading above the $2.80 level and 21 days of SMA, as reported by Coinidol.com. The current support level rise of $2.80 and below the moving average line appears to be limited by Doji Candlesticks. If Altcoin exceeds the moving average line, it tests resistance level of $4.00.
Tonne reaches $6.00 once the $4.00 resistance is overcome. If Ton loses support it falls below the previous low of $2.50. At the time of writing, Ton is trading for $2.97.
Ton Price Indicator Analysis
Below the downward moving average line of the daily chart is a new bearish crossover. The current decline is evident from the fact that 21-day SMA is below the 50-day SMA. Doji Candlesticks shows that traders have not yet made decisions. Tons have reached the area where the market is being sold. Tonne rises as more buyers appear.
Technical indicators
Resistance Level: $6.00, $8.00, $10.00
Support Levels: $5.00, $3.00, $1.00
What is the next step for Toncoin?
Since March 10th, Ton has been trading above the $2.50 support level. Buyers have tried to resume uptrends by exceeding the moving average line. The altcoins were forced to be traded in bearish trend zones by the Bears. AltCoin still integrates current support, with slides halting above the $2.80 level.
Disclaimer. This analysis and prediction is the author’s personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
