Toncoin Price Forecast: Toncoin Struggles as Bears Seize Control

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Toncoin Price Forecast: April 24

The Toncoin price forecast is for the price to drop to even lower levels if the buyers fail to revive themselves to regain control.

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

Key Levels:
Zones of supply: $6.50, $7.10, $7.67
Zones of Demand: $4.85, $5.27, $5.68

Toncoin Price Forecast: Toncoin Struggles as Bears Seize Control

Toncoin bulls have failed to maximize the triangle structure to jerk the market to higher price levels. Indeed the sellers have seized control to bring down the price to around $5.68. The market surge to $7.67 around the last two weeks helped to break the all-time high and set a new one at $7.67. However, upon attaining this record-breaking level, the buyers have lost momentum. This led to several days of tapering through a triangle structure but even with that, TON buyers have not recovered to push the price to higher levels.

Toncoin Price Forecast: TON Outlook

Toncoin bulls have struggled to capitalize on the triangle structure to propel the market to higher price levels.

Despite reaching a new all-time high of $7.67 two weeks ago, momentum has waned, leading to a decline in price to approximately $5.68.

The market’s failure to sustain its upward momentum first resulted in days of tapering within a triangle structure, with buyers unable to regain control and drive prices higher.

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

Crypto signals indicate that bears have assumed dominance in the market. This is evident from the daily candlesticks trading below the MA period 20 (Moving Average). However, the MACD (Moving Average Convergence Divergence) indicator, despite being high above the zero level, suggests that buyers still have the potential to regain control if they act swiftly.

Toncoin Price Forecast: Toncoin Struggles as Bears Seize Control

On the shorter timeframe, sellers maintain a firm grip as the MA period 20 remains above the 4-hour candlesticks. The MACD lines recently dipped below the zero level, indicating a bearish sentiment. However, a slight rebound from the $5.68 support level has caused the MACD lines to cross upward, resulting in a reduction of bearish histogram bars. Whether the bulls can sustain this revival or falter once more remains uncertain.

How To Buy Lucky Block

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *