Toncoin Price Forecast: TON Sets Up for a Breakout 

Toncoin Price Forecast: June 16

The Toncoin price forecast is that the coin adjusts its market and sets up a breakout on either side.

Toncoin Long-Term Trend: Bullish (1-Day Chart)

Key Levels:   
Zones of supply: $1.8100, $2.0040, $2.6220
Zones of Demand: $0.7420, $0.9940, $1.3680

The Toncoin market has been seen to be moving in a wavy manner since its inception last year. The bulls and bears have each taken turns influencing the market, leading to the wavy movement of the market. As time passes, the range decreases, leading to a tapering movement, leading to a breakout in either direction.

Toncoin Price Forecast: TON Outlook

The highest level the Toncoin has reached since its inception is $3.2710. While the lowest price level the coin has descended to is $0.7420.

The bulls and bears are each taking turns to direct the price. And at every switch of market power, the coin doesn’t rise or drop lower to reach the previous levels.

The market outlook is one of a tapering kind as the price sets itself up for a breakout. The Stochastic has risen to mid-level as the price bounces to the $1.3680 support level.

Toncoin Medium-Term Trend: Bullish (4-hour chart)

The RSI (Relative Strength Index) indicator remains unmoved from its position in the oversold region. Though it is expected that the RSI line will eventually react to the upward bounce of the coin,

There are more upward movements on the 4-hour timeframe, Stochastic Oscillator lines have shot upward towards the overbought border. The RSI line is also rising gradually towards the midline. These are indications of a price increase until it reaches the upper border of the triangle channel.

 

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