According to the latest report by CryptoGuestPosts, the price for Toncoin (TON), which hit $7.20 in the last price analysis, has dropped below the moving-average lines.

Toncoin long-term forecast: bearish

The cryptocurrency fell to a low price of $4.78, before starting a steady rise in a range above the $5.00 resistance and below the moving-average lines. TON will correct higher when it reaches its 50-day moving average. At the 50-day SMA, it is possible that the current uptrend will be broken. A break above the moving-average lines would indicate a continuation of an uptrend. If TON falls below its 50-day SMA however, the selling pressure will again increase. If the bears breach the $5.00 resistance, TON could fall as low as $3.65. TON currently trades at $5.64.

Toncoin indicators

The cryptocurrency is falling, and the price bars are below moving average lines. Altcoins are currently in a correction upward that is nearing the moving average line. On the 4-hour chart the price bars are higher than the moving averages. TON will continue to rise so long as the price bars are above the moving averages.

Technical Indicators

Resistant Levels: $6.00 $8.00 $10.00

Support Levels: $5.00, $3.00, $1.00

What's the next step for Toncoin?

On the 4-hour chart TON is increasing as the price bars are higher than the moving average lines. Altcoins will reach a price of $6.20 but may be rejected. On the daily chart TON's uptrend will continue if buyers maintain the price above moving average lines, and break through the $6.50 barrier.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. 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.