Toncoin (TONUSD) Price Forecast: May 23
TONUSD price still trades in an uptrend as the crypto is facing high pressure from the bulls making an incredible recovery. If the coin prices sustain above the level of $7.67, the bulls’ trend would continue upward and possibly hit the $8.00 upper high level.
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 still trades in an uptrend on the higher time frame. The upward trend will likely continue following the increasing volume by the bulls.
The successful breakout by the bulls to the $6.63 supply value during yesterday’s session has made it possible for the Toncoin to still trade in an uptrend and retain its bullish strength in its recent high.
The crypto’s price is going up as we can see from the daily chart. Buyers made a strong push up to the $6.65 supply value above the EMA-50; this confirms that the Toncoin price still trades in an uptrend and a buy continuation, resulting in intraday gains.
Meanwhile, a bullish breakout from the current resistance at the $6.67 level will trigger the reversal pattern and drive the prices of TONUSD higher to hit the $7.67 previous high value.
As of now, the price signal is pointing upwards indicating that the price of Toncoin will continue to trade in an uptrend, and in this case, the coin price could jump up to hit the $8.00 upper supply mark sooner in its long-term outlook.
TON (USD) Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, we can see that TONUSD’s price still trades in an uptrend and will keep rising as it remains in a bullish market zone. The price currently trades above the EMA making higher highs and moving towards the major upper resistance area. 
The high bullish impact on the crypto at the $6.53 high level in the previous action has made the coin price remain and still trade in an uptrend lately.
The strong push by the bulls to a $6.65 high level above the moving averages as the 4-hour chart opens today shows that the price of Toncoin still trades in an uptrend and will keep rising. Thus, if the long traders could break above the $7.46 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility that the TONUSD price will keep rising as indicated by the price signal which is pointing in an upward direction. This may extend the crypto price to a high at $8.00 upper resistance value as soon as it remains in an uptrend in its medium-term time frame.
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