Toncoin (TONUSD) Price Forecast: August 30
Right now, the TONUSD is attempting the next bull race, and a breakout is imminent. The price is gaining momentum below the supply levels as the bulls are recovering incredibly to stabilize the market. However, with sustained buying and bullish sentiment, if the coin prices sustain above the $8.24 high mark, the bulls’ trend may continue upward. Hence, the price may rise upward to reach the 9.00 upper channels, resulting in an intraday gain for buyers.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.00, $2.00, $1.00
TON (USD) Long-term Trend: Bearish (Daily Chart)
The TONUSD pair is attempting the next bull race with a bearish sentiment in its long-term perspective. Prices can be seen below the EMA-50, indicating a bearish trend due to a high inflow from the sell traders. However, the market is presently facing resistance at the recent high. 
Actions from the short traders on the 6th of August to a low of $5.04 have contributed to its price drop beneath the supply trend lines in its recent high.
The price movement of Toncoin to a $5.98 high level below the EMA-50 as the daily chart commences today is a pullback that will enable bulls’ recovery to foster a higher price resulting in an intraday gain for buyers, as the coin buyers attempt the next bull race.
Further, an increase in buying pressure might lead the TONUSD price to retest the previous high of the $8.24 mark, obtaining a higher footing to rise higher.
In addition, the price of Toncoin is pointing up on the daily signal, indicating that the bulls are attempting the next bull race; thus, buyers may aim at the psychological level of $9.00 resistance value as soon as the crypto price attempts the next bull race in the long-term outlook.
TON (USD) Medium-term Trend: Bearish (4H Chart)
Toncoin prices trade below the supply levels attempting the next bull race in its medium-term perspective. The coin prices are gaining momentum below the supply levels, suggesting a bearish trend. 
The coin price currently trades below the EMA line making higher highs and moving towards the resistance area.
The bears’ impact on the crypto to a $5.21 high level during the previous action has made the price remain below the supply levels in its recent high. However, the bulls are set for the next bull race to increase the coin’s potential rally.
The market price of TONUSD which increases from $5.42 to the $5.98 high level below the moving averages suggests the return of buyers attempting the next bull race to influence market conditions. Thus, closing the 4-hourly session above a $7.26 high mark will put the trade more on the buy side.
Hence, the Toncoin pair pointing up on the daily stochastic means that the next bull race by the long traders may continue, and suggests a possible recovery of the $9.00 supply level in the coming days, as the bulls attempt the next bull race in the medium time frame.
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