Toncoin's (TON) price has fallen below the moving average lines but remains above the key support level of $1.20.
TON price long-term forecast: rangingSince February 6, negative momentum has reached the $1.20 support level four times, with bulls buying the dips. However, buyers have not managed to sustain bullish momentum above the moving average lines over the past month. The moving average lines have acted as resistance to price increases.
Technical IndicatorsKey Resistance Zones: $4.00, $4.50, and $5.00
Key Support Zones: $3.50, $3.00, and $2.50
Toncoin indicators analysisWhat is the next move for Toncoin?
The TON price has increased, but the upward movement has been limited by the 21-day SMA barrier on the 4-hour chart. TON is trading within a narrow range, above the $1.20 support but below the 21-day SMA barrier.
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.
