Since the bottom of this chart, the price of Toncoin has been above the moving-average lines.

Toncoin long-term price prediction: bullish

The buyers are trying to do it again. On July 6, TON was well below moving averages because buyers were unable to maintain the price above moving averages.

Today, TON will likely rise to historic highs between $3.40 and 3.60. If bulls breach the $3.60 mark, TON will exit its sideways pattern between $2.60 to $3.60. TON will begin its upward trend. If the price of a cryptocurrency drops below the SMA 50-day, then the altcoin returns to its former range above $2.60.

Toncoin Price Indicators Analysis

TON is now above the moving averages of 21 and 50 days. This could indicate that cryptocurrency is in an upward trend. Since June 12th, as reported by CryptoGuestPosts TON has traded in a bearish market trend zone. The breakout will signal the continuation of the upward trend. The price bars on the 4-hour chart are above the moving-averages.

Technical Indicators

Resistant Levels: $6.00 $8.00 $10.00

Support Levels: $5.00, $3.00, $1.00

What is the next stage for Toncoin?

On the 4-hour chart, Toncoin is back in its upward trend. The uptrend ended after the $3.00 level was reached on July 11th.

The altcoin traded above the SMA 21-days but below $3.00 in the last 48 hour. The current uptrend would be over if the bears broke through this support. If the bulls are able to break above $3.00, then altcoin will rise.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.