Toncoin (TON) fell to a low of $1.13 before recovering above the $1.20 support.
TON price long-term forecast: bearishThe cryptocurrency is trading above the $1.20 support but remains below the moving average lines at the bottom of the chart. Over the past five days, the price has fluctuated as the 21-day SMA has acted as resistance. TON has reached the market's oversold level.
Technical IndicatorsKey Resistance Zones: $4.00, $4.50, and $5.00
Key Support Zones: $3.50, $3.00, and $2.50
TON price indicators analysis 
TON's price has risen after reaching a low of $1.13. The 4-hour chart shows that the upward reversal has paused at the $1.45 high. The price is currently trading above the $1.20 support but below the $1.45 resistance. However, the price movement has been motionless due to the existence of Doji candlesticks.
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.
