Toncoin (TONUSD) Price Forecast: September 11
Amidst a broader crypto market recovery, TONUSD price retracement may surge above the $8.24 previous barrier as it travels up north, suggesting buyers are making a recovery attempt. If the coin price makes a retest at the mentioned supply, then the price may jump up to hit the $9.00 trend line and beyond, resulting in an intraday gain for buyers.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.00, $2.00, $1.00
TON (USD) Long-term Trend: Bearish (Daily Chart)
The long-term chart of TONUSD shows a sign of price retracement amidst a crypto market recovery. The coin price retracement may surge above the resistance level as the bulls begin the upward trend. The crypto price is facing resistance levels at its recent high, suggesting a bearish trend.
The price drop by the bears to a $4.45 low value in the past few days also contributed to the crypto’s price retracement below the supply levels in its recent high.
At the press time, the Toncoin price has recently experienced a slight increase in volume to a $5.08 supply level as a price retracement below the EMA-50, as the daily chart opens today, highlighting its potential for further growth.
However, if the bullish momentum persists, the price retracement may surge above the $8.24 resistance level, indicating an established uptrend, as the crypto struggles for recovery.
Additionally, due to an upward momentum shown by the price indicator, the Toncoin price retracement might continue and could expose the coin price to surge above $8.24 and extend to the $9.00 upper high level soon in its long-term outlook.
TON (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term outlook, the Toncoin market is experiencing a notable price retracement, promising a sign of additional gains as the coin price keeps progressing towards the overhead resistance. The price trades above the EMA line, making higher highs and moving towards the upper resistance area. 
The successful breakout by the bulls to the $4.94 supply value in the past session has made the TONUSD price retracement surge above the resistance level and retain its bullish strength in its recent high.
The Toncoin price retracement at the $5.08 high value above the EMA line as the 4-hourly chart commences today shows the high impact of the buy investors on the coin market and may surge above the $7.08 high level, indicating potential growth.
Notably, the TONUSD price retracement may continue, as shown by the daily signal, pointing upwards. Therefore, we expect the price retracement to surge above the $7.08 resistance level in the coming days and extend to the $8.00 upper resistance trend line in its medium-term outlook.
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