Toncoin (TONUSD) Price Forecast: June 17
The TONUSD market has been relatively stable in the past few days. The coin presents a strong resistance level at $8.12, suggesting that investors are buying the crypto at the moment. As a result, if buyers can increase their market tension, the trend will shift upward to the $9.00 upper high value, resulting in an intraday gain and a possible crypto signal for coin holders.
Key Levels:
Resistance Levels: $7.50, $8.00, $8.50
Support Levels: $6.00, $5.00, $4.00
TON (USD) Long-term Trend: Bullish (4H Chart)
On higher time frames, the TONUSD price is trending up and presents a strong resistance level. This is obvious because prices are trading close to the upper resistance area above the EMA-50. 
This is due to the significant impact of buy investors. The bulls’ high order flow during yesterday’s session contributed to this bullishness in its recent high.
Today’s 4-hour chart, however, presents a strong resistance level at $8.12 above the supply levels, revealing a broader price recovery, as the bulls took their ground to continue the
uptrend, as of the time of writing.
Hence, staying very close to the upper resistance level above the EMA-50 presents a strong resistance level indicating a high likelihood of a stable bullish correction. A strong breakup above the $8.24 previous high level would amplify bullish pressure.
Meanwhile, the market price of Toncoin is pointing up on the daily stochastic, indicating that the bulls may continue to trend upward; so, the projected positive rise in the coin price could be high at $9.00 value soon, as the token presents a strong resistance level in its long-term perspective.
TON (USD) Short-term Trend: Bullish (1H Chart)
The Toncoin price is currently heading upward and presents a strong resistance level in its short-term outlook. Furthermore, the crypto is trading around upper barrier levels above the 50-day moving average, indicating an uptrend.
The coin’s recent strong resistance level above the moving average was achieved due to continuous bullish pressure to a high of $8.09 in the preceding action.
As the 1-hour chart begins today, the bulls have crossed the upper resistance level of 0.01228 above the EMA-50. However, the buy traders couldn’t relent, as they intended to continue trending up and drive the price of TONUSD to a substantial level.
As the 1-hour chart resumes today, the bulls have reached the $8.12 supply level above the EMA-50. However, the buy traders could not relent, as they aim to continue trending up and drag the price of Toncoin to a significant level.
A further increase in buying pressure may cause the coin price to reach the $8.28 previous resistance level, resulting in an intraday gain for the coin buyers.
However, the bullish correction at the $8.12 resistance level is an indication that the bulls are planning to strongly move the price of Toncoin to a high level at the upsides and the $9.00 upper high mark might be the target as the coin presents a strong resistance level in its short-term outlook.
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