Toncoin (TONUSD) Price Forecast: September 5
TONUSD price has experienced a noticeable bullish reversal at the $4.95 level as the broader cryptocurrency market begins to rebound, potentially elevating market confidence. As the crypto market appears rebounding and anticipates further growth, the crypto could surpass the $7.26 previous barrier level and surge higher to hit the $9.00 upper resistance level, if the bullish momentum continues, indicating a robust recovery and a good entry point for coin holders.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.00, $2.00, $1.00
TON (USD) Long-term Trend: Bearish (4H Chart)
The TONUSD price experiences a bullish reversal as it resumes its bullish rally towards the resistance zone in its higher time frame. The price is below the moving average, indicating that the coin is in a bearish trend market.
The price drop by the sell traders to a $4.87 low mark in the last session has contributed to its bearishness in its recent price level.
However, there is about to be a turnaround for the coin holders as the crypto experiences a bullish reversal to swing the coin Toncoin price high.
At the press time, the TONUSD experienced a bullish reversal at the $4.95 level as the 4-hour chart commences today, eyeing more gains ahead.
Thus, if the crypto’s price could sustain above the $7.26 high level, the potential rally could surge higher toward the upper resistance area, as it experiences a bullish reversal.
Additionally, the price of Toncoin indicates an uptrend on the daily signal, implying that the bullish reversal at the $4.95 current supply level might continue, and this may reach the $9.00 upper high channel soon as the coin experiences a bullish reversal for a robust recovery in its long-term outlook.
TON (USD) Short-term Trend: Bearish (1H Chart)
Amidst the current downturn in the crypto market, the TONUSD price experiences a bullish reversal at its current value in its short–term outlook. The price shows signs of recovery below the EMA-50, indicating a bearish trend. 
The sustained bears’ pressure on the crypto to a $4.87 support mark in the past session has dropped the coin price below the resistance levels, enabling it to experience a bullish reversal in its recent high.
The Toncoin price experiences a bullish reversal at the $4.95 high mark below the EMA-50 as the 1-hour chart opens today, resulting in intraday gains. This shows the high impact of the buy investors on the coin market; likewise, the downside risk remained uncertain.
Notably, the coin price may continue its bullish reversal trend as shown by the daily signal pointing up. Therefore, we can expect the upward rally to break up the $5.98 high level and extend to reach the $ 9.00 upper resistance trend line soon as it experiences a bullish reversal in its lower time frame.
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