Toncoin (TONUSD) Price Forecast: June 25
Right now, the TONUSD price is gaining momentum above the supply levels as the bulls are making an incredible recovery. However, with sustained buying and bullish sentiment, if the coin prices sustain above the level of $8.24, the bulls’ trend would continue upward and possibly hit the $9.00 upper high level, projecting a continued upward trajectory.
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)
Despite the inflows from the sell traders, the TONUSD price is gaining momentum above the supply levels in the higher time frame. The upward trend will likely continue following the increasing volume of coin buyers.
The successful breakout by the bulls to a $7.35 high mark during yesterday’s session has made it possible for the coin to retain its bullish strength in its recent high.
The strong push by the bulls from a $7.35 value to a $ 7.65 high level above the moving average as the daily session begins; confirms that the Toncoin price is gaining momentum above the supply levels.
Further, an increase in the buying pressure might lead the crypto price to retest the previous high of the $8.24 mark, obtaining a higher footing to rise higher.
Furthermore, the price of TONUSD is pointing up on the daily signal; thus, buyers may aim at the psychological level of $9.00 resistance value soon as the crypto price continues to gain momentum above the supply trend levels in the long-term time outlook.
TON (USD) Medium-term Trend: Bullish (4H Chart)
Toncoin prices still trade in a bullish market in its medium-term perspective. The coin prices are gaining momentum above the supply levels, which means that the bulls are dominating.
The price currently trades above the EMA making higher highs and moving towards the major upper resistance area.
The bullish impact on the crypto to a $7.35 high level during the previous action has sustained its momentum above the supply levels in its recent high.
As the 4-hour chart opens today, buyers initiate an aggressive move to a $7.64 resistance value above the EMA-50 with an intraday gain. This implies that the coin price is gaining momentum above the supply levels.
With sustained buying, the TONUSD price may challenge the $8.24 supply strength and set the potential for further growth.
Additionally, the daily stochastic indicates an uptrend. This means that the bullish recovery pattern might continue. In light of this, the price of Toncoin price could reach the $9.00 upper resistance level soon in its medium-term outlook.
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