The chart shows that Toncoin (TON), which is a cryptocurrency, trades in the lower half of the chart. This area includes the range between $2.50 as a support and $4.00 at the highest.

Toncoin price long-term prediction: bearish

CryptoGuestPosts reports that since April 6, cryptocurrency trading has been restricted to the level of $2.80 and the 21-day SMA. Doji candlesticks seem to limit the upside above the current $2.80 support level and below the moving-average lines. If the altcoin breaks over the moving averages, it will try to reach the resistance level $4.00.

TON will reach $5.00 when the resistance of $4.00 is broken. TON will drop below its previous low of $2.50 if it loses support. TON was trading at $2.97 as of the date of this article.

Analysis of Ton Price Indicators

On the daily chart, there is a new crossover bearish below the moving average downward lines. The fact that the 21 day SMA is lower than the 50 day SMA shows the current decline. Doji candlesticks show that traders are still unsure of their decision. TON has reached the oversold part of the market. TON increases as more buyers emerge.

Technical Indicators

Resistant Levels: $6.00 $8.00 $10.00

Support Levels: $5.00, $3.00, $1.00

What is the next step in Toncoin's development?

Since March 10, TON is trading above the $2.50 level of support. The buyers have attempted to restart an uptrend, by breaking above moving average lines. Bears forced altcoin to trade within the bearish trend zone. The altcoin has been consolidating above its current support level and the slide is now above $2.80.

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.