Toncoin (TON) prices have recovered as buyers exceed the moving average line on their daily charts. Pricing analysis by Coinidol.com.
Long-term price forecast: bullish
Cryptocurrency prices have been recovered from the $2.35 low and are rising above the moving average line. Tonne is trading in a bullish trend zone, but its upward movement is hampered by resistance at $4.02.
Cryptocurrency has returned over $4.00 support. Altcoin is currently trading above the moving average line and below the $4.20 resistance level. If the current barrier is broken, Ton could reach highs of $5.00 and $5.65.
On the weekly chart, price indicators show potential declines. As the tonnes fall further and fall below the moving average line, the price drops to lows of $3.00 and $2.40. At the time of writing, Ton is trading for $4.02.
Analysis of TON indicators
On the daily chart, the price bar is above the moving average. This indicates that cryptocurrency could be on the rise. Additionally, the moving average line shows bullish crossovers, with 21-day SMA exceeding 50-day SMA. This is a bullish signal that could potentially rise in cryptocurrency.
Technical indicators
Resistance Level: $6.00, $8.00, $10.00
Support Levels: $5.00, $3.00, $1.00
What will be Toncoin’s next move?
Tonn has risen after a low drop of $2.35 on March 11th. The upward trend has stagnated at $4.20.
However, the Bulls have not given up much of the ground as Altcoin is retraced beyond the $4.00 support. Tonnes rise as long as prices exceed the moving average on the daily chart.
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.
