Toncoin Price Forecast: Toncoin Ascends Methodically in a Stepped Pattern

Toncoin Price Forecast: January 3

The Toncoin price forecast is for the market to keep following its step-wise pattern to rise above $2.4800.

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

Key Levels:
Zones of supply: $2.4800, $2.6000
Zones of Demand: $2.2300, $1.9800

Toncoin recently slipped off a rising trendline and dropped back to retest the upper border of its triangle pattern. Since then, the buyers have not had a free run, but they have been driving the market upward in a systematic manner. The market is seen to consecutively record higher highs and lows, forming a step-wise pattern. With this, the coin has risen above $2.2300 and is presently approaching $2.4800.

Toncoin Price Forecast: TON Outlook

Toncoin recently deviated from its ascending trendline, retracing downward to test the upper border of its triangle pattern.

Subsequently, buyers have guided the market in an orderly fashion, marking higher highs and lows, forming a step-wise pattern.

This strategic ascent has elevated the coin above $2.2300, with the current approach toward $2.4800.

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

Aligning with the step-wise pattern on the daily chart, the market trades above the Moving Average period 20 (MA), reinforcing the $2.2300 support level to propel the price higher. The daily Relative Strength Index (RSI) reflects the market’s movement, with its line transitioning from the lower half to the upper half of the chart.

Examining the 4-hour chart, the recent retracement has temporarily pushed the price below the MA period 20. Efforts will be made to reclaim this level swiftly. The RSI line, having touched the overbought region, retreats below the 50 mark, yet anticipations suggest a subsequent upward trajectory as TONUSD recovers toward $2.4800.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.