Toncoin (TONUSD) Price Forecast: July 13
Amid the uncertainty in the crypto market, TONUSD price still demonstrates vigorous movement towards its previous supply level, suggesting bullish sentiment among investors. The coin struggles to sustain above the supply levels on the daily chart, indicating the bulls are still buying at this level. According to current trends, the currency may continue to rise if buyers raise their market activities aggressively, thereby hitting the $8.24 value and extending to the $9.00 upper resistance level, resulting in a potential opportunity for the coin investors.
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 pair is demonstrating vigorous movement towards the previous supply level and experiencing a jolly bullish move in its long-term view. The coin price is strongly trading above the moving averages with huge volumes from the bulls.
The sustained vigorous movement by the bulls towards the $7.23 high level before the end of yesterday’s session has enhanced the crypto price to remain firm above the supply levels in its recent high.
Today, the market price of Toncoin at a $7.29 high point above the moving averages as the daily chart opens implies that the price is in an uptrend, and from the way it is at the moment, it will keep growing.
Thus, if the coin buyers could demonstrate their strength and move the crypto’s price towards the $8.24 previous high level, the potential rally could surge higher to hit the $8.00 level and beyond, indicating strong confidence from the major market players.
Hence, there is a tendency for the TONUSD price to rise further if the support level holds, as it demonstrates vigorous movement towards its previous high mark at $8.24: the $9.00 upper resistance level might be the target soon in its long-term perspective.
TON (USD) Medium-term Trend: Bearish (4H Chart)
The medium-term chart indicates the TONUSD price is demonstrating a vigorous movement toward the resistance level. The price currently trades slightly below the EMA-50, indicating a bearish trend.
The price drop by the sell traders to a $7.16 low mark in the past action has made the Toncoin market remain below the resistance level at its recent high.
At the time of writing, the market value of TONUSD at a $7.27 supply value below the moving averages as the 4-hourly session opens today, affirms the presence of more buyers demonstrating vigorous movement to break up the $8.09 resistance level. If this is attained by the bulls, further bearish thesis will be put to hibernation, extending the potential rally.
In addition to that, with the daily stochastic pointing upwards, we can expect more bullish action if all the support holds in place. The price of TONUSD might jump up to the $9.00 upper high level soon as it demonstrates vigorous movement to the resistance levels in its medium-term forecast.
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