Toncoin (TON) has twice recovered above the moving average lines.
TON price long-term forecast: bullishDuring the rally on April 11, buyers pushed the price to a high of $1.51 but were rejected. TON then fell to a low of $1.25, although bulls bought the dip.
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 
TON is recovering after dropping to a low of $1.25. On the 4-hour chart, the price is rising as it approaches the $1.50 level. Currently, the trend is trapped between the moving averages. TON will return to its previous high of $1.51 if it breaks above the 50-day SMA. At present, the altcoin is caught between the moving average lines, unable to surpass the 50-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.
