Toncoin (TONUSD) Price Forecast: August 29
The possibility of TONUSD breaking up the $8.24 level soon remains high as the bulls resume the bullish correction to reclaim the crucial resistance. The nearest support is the previous swing low ($52.0), whereas the nearest resistance could be found at ($5.55). There is a higher probability of the price breaking the resistance level if the buy traders increase their tension in the market. The coin might likely hit the $9.00 supply level, 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: Bullish (Daily Chart)
The TONUSD buyers aim at breaking up the resistance level as soon as the coin price faces northwards attempting the previous high barrier in its higher time. 
The coin price is trending below the moving average, confirming a bearish trend but it is starting to turn bullish as can be seen from the chart now as market buyers aim at breaking up the resistance level soon.
The sustained bearish pressure at the $5.04 support value in the previous session has made the crypto price remain below the supply levels in its recent high.
The price of Toncoin is currently trading at the resistance close to the EMA-50. So it seems likely that the bulls are about to break up the resistance zone and push us higher.
At the press time, buyers made a push up to the $5.5 supply value below the EMA-50, suggesting a pullback aimed at breaking up the previous barrier level of $8.24 as the journey up north begins.
The price is fetching some fresh buying interest as sellers seem exhausted, implying that the long traders are gradually coming to stage a play in the market. Thus, the buyers need to add more pressure to their activities, while aiming at breaking up the $8.24 level, regaining buyers’ confidence in the crypto.
Meanwhile, the market is pointing up in the oversold region, indicating a possibility of breaking up the previous high of $8.24 and a buy potential. In light of this, the long traders are expected to emerge and push the TONUSD market up to a significant level of $9.00 and beyond soon as it aims at breaking up its resistance level soon in its long-term time frame.
TON (USD) Medium-term Trend: Bullish (4H Chart)
The TONUSD pair is poised to break up the previous barrier as the new correction phase begins with the bulls on the medium-term outlook. The price currently trades below the EMA-50, implying a bearish momentum. 
The sustained bearish impact on crypto at the $5.04 level in the previous action has made the coin price remain below the supply levels at its recent high.
The buy trader made an increase to a $5.55 supply level shortly after today’s 4-hour chart opens, signaling the potential for significant gains as the uptrend resumes soon.
Meanwhile, the Toncoin buyers aim at breaking up the $7.26 resistance level as the potential recovery continues in an up-north move.
In addition, the TONUSD pair is oversold already and for an upward trend, with this intended action, the coin might likely reach a $9.00 high level soon as it poised at breaking up its previous supply level in its medium-term perspective.
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