Coinidol.com: TON Retracts but Stabilises above $1.70

Toncoin's (TON) bullish advance has paused after reaching a high of $1.93.

On the downside, bearish momentum may continue if bears push the price below the moving average lines. TON could fall to lows of $1.56 and $1.42.

Key Resistance Zones: $4.00, $4.50, and $5.00

Key Support Zones: $3.50, $3.00, and $2.50

The price bars are above the upward-sloping moving average lines. The 21-day SMA is rising above the 50-day SMA support, indicating a current uptrend. Doji candlesticks have reappeared in the bullish trend as traders remain uncertain about the market's direction. The price bars are below the downward-sloping moving average lines, indicating the cryptocurrency's present retracement.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.