Coinidol.com: TON Oscillates Above the $1.28 Support

Toncoin's (TON) price is resuming its upward trend but is encountering resistance at the 21-day SMA.

Currently, the price is confined between the moving average lines. The bullish momentum has remained steady, supported by the presence of Doji candlesticks. TON will trend once either the 21-day SMA support or the 50-day SMA resistance is breached. At present, TON is valued at $1.33.

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

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

On March 5, the extended candlestick wicks indicated significant selling pressure at the recent peak. On the 4-hour chart, the price bars are above the upward-sloping moving average lines, reflecting the current bullish momentum.

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.