Toncoin Price Forecast: TONCOIN Surges Towards $2.6220, Breaking A Structural Barrier

Toncoin Price Forecast: September 20

The Toncoin price forecast is for the bulls to stretch their market dominance to the $3.2710 resistance level.

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

Key Levels:
Zones of supply: $3.2710, $2.6220
Zones of Demand: $1.9800, $1.3680

The TONCOIN market has broken its structure to facilitate a rally towards the $2.6220 supply level. The coin has previously been tapering through a triangle structure, but the bulls have been showing more desire during the period, and this has helped them violate the structure for a market pump toward the $2.6220 supply level. Buyers are still fired up and will be looking to ascend to the next supply at 3.2710

Toncoin Price Forecast: TON Outlook

TONCOIN has shattered its previous market structure, paving the way for a robust rally to reach the $2.6220 supply level.

Previously consolidating within a triangular structure, the bulls have demonstrated increased determination during this phase, successfully breaching the established structure to instigate a market upsurge toward the $2.6220 supply threshold.

With buyers exhibiting strong momentum, their focus now shifts to a swift ascent towards the next supply zone at $3.2710. This bullish sentiment is notably confirmed by the Parabolic SAR (Stop and Reverse) dots, extensively aligned beneath the daily candlesticks, underscoring bullish strength.

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

The TONCOIN market remains resolute in embarking on a bullish trajectory and this is confirmed on the same daily timeframe by the RSI (Relative Strength Index) indicator which has undertaken a steady ascent from the oversold territory into the overbought zone, reinforcing the prevailing bullish fervor.

Examining the 4-hour chart, the Parabolic SAR dots remain firmly positioned beneath the candlesticks, affirming the bullish grip on the market. Meanwhile, the RSI line oscillates around the overbought threshold, indicating that the bulls maintain their elevated enthusiasm.

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