Toncoin (TON) has recovered and is now above the moving average lines, reaching a high of $1.51.
TON price long-term forecast: bullishOn the downside, if the cryptocurrency price retraces but remains above the moving average lines, TON will resume its bullish ascent, surpassing them and approaching the $1.50 high. However, if sellers push the price below the moving average lines, TON will fall to its critical support at $1.20.
Technical IndicatorsKey Resistance Zones: $4.00, $4.50, and $5.00
Key Support Zones: $3.50, $3.00, and $2.50
Toncoin indicator analysisTON price has resumed its upward trend above the horizontal moving average lines. On April 11, the long candlestick wick indicates significant selling pressure at the $1.51 high.
On the 4-hour chart, the 21-day and 50-day SMAs are moving upward, with the price above them. The cryptocurrency price will rise if buyers keep it above the moving average lines.
What is the next move for TON?Currently, the retracement has stalled above the 21-day SMA support. The altcoin may continue its upward trend above the $1.40 support level.
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.
