Toncoin (TONUSD) Price Forecast: May 20
TONUSD‘s price could break up its previous supply value at $7.67 soon as the coin market is currently witnessing a high bullish run. The coin will most likely continue its bullish run and could still go higher if the bulls can further break up the mentioned supply mark, then we can expect a good upside momentum up to the $8.00 supply value, indicating a pivot momentum for the asset.
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 displays a high momentum bullish rally and could break up its previous supply level soon in its long-term outlook. The chart shows that the coin now trades and faces the upper resistance channel. This is another opportunity to buy Toncoin and a turnaround for the buy investors.
In the previous actions the coin has been having high interference from buyers which made it easier for the cryptocurrency to break up the supply levels and maintain stable upside moves in its recent high.
After completing the low dips of yesterday, buyers made an aggressive move to the $6.45 high mark as a pullback above the EMA as the daily chart commences today; this confirms a bullish strong breakout and a buy continuation.
Further, the price of Toncoin could break up its previous high at $7.67 level and continuation to the upsides is likely as the price indicator projects an upward move. This implies that the bullish trend will most probably continue and the pattern could break up further to hit the $8.00 upper resistance trend line soon as well as a potential buy signal in its long-term view.
TON (USD) Medium-term Trend: Bearish (4H Chart)
The currency pair can be seen facing resistance and could break up its previous high value to stabilize the bullish momentum in its medium-term perspective. 
The coin price is undeniably seen trading below the moving averages. The trend has just resumed its rising pattern but has not yet reached its goal. So, let’s sit back and watch the bulls take us higher sooner.
The market has been slowed down recently due to the interaction from the bears to the $6.37 in the previous action.
The market price of TONUSD which increases to a $6.45 high level suggests the return of the bulls to the market and this could break up the $7.46 previous high level. Thus, closing the 4-hourly session above the mentioned supply level will put the trade more on the buy side.
Meanwhile, buyers are seen clustered around the market as indicated by the momentum indicator pointing upwards, which means that buyers will still be in control of the TONUSD price, and this bullish rally could lead the price to the $8.00 upper resistance level soon in its medium-term view.
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