Toncoin (TONUSD) Price Forecast: June 18
Price action in the Toncoin market is rising against downward forces. The coin price continues to remain largely above the supply levels despite the activities of the bears. Therefore, if the bulls could trigger their forces in the market, the price may likely increase further to retest the $8.24 accumulated high value which could expose to the $9.00 upper supply level and beyond, reflecting bullish trends and investor interest.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.00, $2.00, $1.00
TON (USD) Long-term Trend: Bullish (4H Chart)
TONUSD price is rising against downward forces despite the inflows from the sell traders on the higher time frame. The coin price still trades above the supply level, indicating a bullish trend. The coin has experienced a market correction over the past few hours rising against the downward forces and this may continue.
The coin made it to the $7.97 high level during the previous action and has made the price rise against the downward forces and remains above the supply trend level in its recent high.
After completing the downside move at the $7.79 value, the bulls caused a rise to the $8.02 resistance level above the EMA-50 as the 4-hourly chart opens today, as price action continues to rise against downward forces.
This indicates that the price is rising against downward forces and traders are actively buying at this level. Hence, should the bulls increase their buying motives, the previous high of $8.24 value might be retested soon.
Hence, the market is projected towards the overbought region; this will hasten the emergence of additional buyers to boost the price up to a considerable amount on the upside, this might touch the $9.00 supply trend mark as the Toncoin market is currently rising against the downward forces in its higher time frame.
TON (USD) Short-term Trend: Bullish (1H Chart)
Analyzing the chart below, it can be seen the TONUSD is rising against the downward forces and remains in an uptrend. The price currently trades above the EMA-50 making higher highs and moving towards the major upper resistance area. 
The bulls’ pressure on the coin to the $7.95 supply value during the past session has sustained the coin price to rise against the downward forces above the resistance trend levels in its recent high.
The coin price breakout at the $8.02 resistance value above the EMA-50 as the 1-hourly chart opens today indicates the price of TONUSD is rising against the downward forces with a high buying impact from the bulls resulting in intraday gains.
Therefore, if the bulls could increase their tension in the market, the price tendency will move near the upper high above the key levels.
In addition, the daily stochastic projected an upward trend on the daily signal, indicating that
Toncoin has a higher upside potential. This means that the crypto may continue to rise against the downward forces to dominate market circumstances, as a result, the $9.00 upper resistance level might be the target in its short-term outlook.
Buy Toncoin on Longhornfx
Leave a Reply