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ThecoinrepublicCryptoToncoin Price Prediction: Will TON Break Through...
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Toncoin Price Prediction: Will TON Break Through Its Resistances?

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  • The current price of Toncoin is $2.47 (at press time) with a gain of 1.17% during the last intraday trading session.
  • The pair of TON/BTC is currently trading at $0.00009254 BTC with a decrease of 5.73% in the last 24 hours.
  • TON’s price is ahead of 20-,50-,100-days Exponential Moving Averages.

As Toncoin is under bullish dominance, it is surging toward its resistance. The bears are still hustling over TON. Seller pressure is strong but TON recovered.

Toncoin is currently trading at $2.47 and declined by 1.17% over the daily price chart during the last intraday trading session. The buyers are engaged in the trade but the coin may get a reversal racing its potential. If the coin breaks through its primary resistance it may approach the secondary resistance.

The current bullish trend might lead the price of the coin to reach the primary resistance of $2.5526 and if the coin breaks through this resistance, and the bullish trend persists, price may move toward the secondary resistance of $2.6851. Of course, if the sellers get into the trade at that time, the price may drop upto the primary support of $2.2174 and if the bearish dominance continues, the price may drop upto secondary support of $1.9524.

Source: TON/USD by TradingView

Volume increased by 5.71% during the last intraday trading session indicating buyer interference in the trade. The short selling is decreasing and the volume-to-market cap ratio is 0.001. TON’s price is ahead of 20-,50-,100-days Exponential Moving Average (EMAs).

Exploring the Technical Indicators

Source: TON/USD by TradingView

RSI moved closer to the overbought zone giving a positive crossover. This indicates the buyers are getting engaged in the Toncoin trade. The current value of RSI is 58.26 which is above the average RSI of 50.01.

The Stoch RSI is also in the overbought Zone indicating buyer dominance. The current Stoch RSI is 96.29 and the average Stoch RSI is 85.69. The MACD and MACD signal have intersected giving a positive crossover. Investors should wait for any directional change over the daily price chart.

Conclusion 

TON’s current market trend is bullish and the coin seems to move closer to its resistance. The current price of Toncoin is $2.47 with a gain of 1.17% during the last intraday trading session. Buyers are involved in the trade leading to an increase in RSI. Investors have to wait for any directional movement over the daily price chart. Sellers are also evidently active.

Technical Levels

Support Levels: $2.2120 and $1.9266

Resistance Levels: $2.5526 and $2.6851

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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