Toncoin's (TON) price remains at the bottom. The altcoin moves in a narrow range between $2.50 and $4.00.

TON price long-term prediction: bearish

TON has lost ground following two rejections of the $4.00 high. The decline was stopped above the $2.50 level of support. The selling pressure will return if the price drops below the $2.50 level of support.

The trend will continue to be negative, and the price will drop down to $2.00 and $1.10. The price indicator indicates that TON is likely to continue falling and will reach the Fibonacci level of $2.618. TON was trading at $3.19 when this article was written.

Analysis of the TON Indicator

Moving average lines that were running down the daily chart now run horizontally. Moving average lines are now above price bars. The moving average lines are above the price bars.

Altcoins were pushed down at their last high so gains were only temporary.

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?

TON continues to move in a sideways direction as altcoins remain above $2.50 support.

Coinidol reported that since March 10, TON has traded below the $4.00 support level and between $2.50. Above the $4.00 level, TON's uptrend will continue. The price indicator on a weekly chart predicts that the price will continue to decline.

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.