Toncoin (TONUSD) Price Forecast: June 19
TONUSD price may likely continue its uptrend to break up the $8.24 high level as the crypto price remains above the supply levels, indicating the bulls are actively trading at this level. However, the crypto could surpass the mentioned previous high level and surge higher to hit the $9.00 upper resistance level, if the bullish momentum continues, resulting in a potential opportunity for the coin investors.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.00, $2.00, $1.00
TON (USD) Long-term Trend: Bullish (4H Chart)
The TONUSD price which increases to a $7.91 high level above the moving average as the 4-hour chart opens today, is a result of the high impact of the bulls on the crypto and this may break up the $8.24 resistance level if additional power is added to the buying pressure to replenish the bullish momentum.
In a like manner, the price of Toncoin indicates an uptrend on the daily signal. This implies that the bullish momentum might continue to break up the $8.24 resistance level which might extend to a $9.00 upper high channel soon in its long-term outlook.
TON (USD) Short-term Trend: Bullish (1H Chart)
Despite the interference of the short traders, the TONUSD price is going up and may likely break up its previous high level soon in its short–term outlook. The price currently trades slightly above the EMA-50, indicating an uptrend.
The successful breakout by the bulls to the $7.90 supply value during yesterday’s session has made the Toncoin market break up the resistance level at its recent high.
The coin price currently breaks up the supply levels at the $7.91 high mark as the 1-hour chart opens today, resulting in intraday gains. This shows the high impact of the buy investors on the coin market; likewise, the downside risk remained uncertain.
Notably, the coin price may continue its bullish trend as shown by the daily signal pointing up. Therefore, we can expect the upward rally to break up the $8.28 high level and extend to reach the $ 9.00 upper resistance trend line soon in its lower time frame.
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