Toncoin (TON) has fallen below the moving average lines after being rejected at the $1.93 barrier.
TON price long-term forecast: bearishBuyers could not maintain positive momentum above $2.00. The altcoin dropped below the moving average lines after being rebuffed twice at the $1.93 and $1.81 highs. TON has declined to just above the $1.50 support level as volatility resumes.
Technical IndicatorsKey Resistance Zones: $4.00, $4.50, and $5.00
Key Support Zones: $3.50, $3.00, and $2.50
Toncoin price indicators analysis 
TON's price is declining below the moving average lines, reaching a low of $1.53. The cryptocurrency price is approaching its recent low of $1.50. The bearish momentum will reverse if it retraces and holds above the $1.50 support level. However, TON will continue to fall if it loses its current support at $1.50.
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.
