TON is in a Close Range above $1.20

Coinidol.com: Toncoin's (TON) price has reached the 21-day SMA barrier and is now retreating towards its critical support level of $1.20.

TON price long-term forecast: ranging

Meanwhile, TON will continue to trade within its range as Doji candlesticks form. TON is currently is at $1.23.

Technical Indicators

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

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

Toncoin indicator analysis

For the past two months, the cryptocurrency price has remained below the horizontal moving average lines. Buyers have not managed to sustain the price above these lines, preventing a bullish trend from resuming.

However, on the 4-hour chart, the price fluctuates both below and above the moving average lines. Upward movement has been capped below $1.26 due to the sideways trend.

What is the next move for Toncoin?

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.