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Toncoin (TONUSD) to Increase to the $7.00 High Value

Johnathon Fox
09/13/2024 | UPDATED ON: 09/13/2024

Toncoin (TONUSD) Price Forecast: September 13

TONUSD price can keep rising and may increase to the $7.00 high value, as the coin keeps showing recovery signs. The coin is now facing the upper resistance level and may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. The coin might continue to the upside to hit the $8.00 upper high level and beyond, resulting to a big turnaround for the coin holders.

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 pair is showing recovery signs and may increase to the upper resistance level in its higher time frame. The coin price is above the EMA-50, demonstrating vigorous movement towards the crucial resistance level and experiencing a jolly bullish move, suggesting a bullish momentum.
Toncoin (TONUSD) to Increase to the $7.00 High Value
The sustained pressure by the bulls to a $5.31 high level before the end of yesterday’s session has enhanced the crypto price to increase to its recent high.

The current price of Toncoin at the $5.40 resistance level above the EMA-50 as the 4-hourly session opens today indicates a recovery sign and may increase to a higher supply level.

Therefore, if the bulls can add more aggression to their buying forces, the token price could surge to the $7.26 barrier, indicating strong confidence from the major market players.

Hence, there is a tendency for the TONUSD price to increase further if the support level holds, as it aims at a higher supply value. As a result, the $8.00 upper resistance level might be the target in its long-term perspective.

TON (USD) Medium-term Trend: Bullish (1H Chart)

The TONUSD pair is showing signs of recovery and could increase to a higher level in its medium-term outlook. The price is facing the upper resistance level above the EMA-50, indicating a bullish trend.
Toncoin (TONUSD) to Increase to the $7.00 High Value
The coin has been having a series of higher highs and higher lows in the past few hours, sustaining the bullish impact on the cryptocurrency.

At the press time today, the bulls moved the market value of TONUSD to the $5.40 resistance level above the moving averages shortly after the commencement of the 1-hourly session, affirming the presence of more buyers in the market.

In addition, with the daily stochastic pointing upwards, the bullish action may continue and might increase the coin price to a high of $8.00 upper high level soon in its medium-term forecast.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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