Toncoin Price Forecast: TONUSD Buyers Lose Momentum

Toncoin Price Forecast: August 22

The Toncoin price forecast indicates that buyers are losing their grip in the crypto market.

TONUSD Long-Term Trend: Bullish (1-Day Chart)
Key Levels

Support Levels: $5.110, $4.590
Resistance Levels: $7.000, $7.600
The Toincoin market has recently experienced a shift, with buyers losing momentum as prices drop to the $6.500 key level. Toncoin has reached a lower low at this level, where buyers are now attempting to regain strength. The cryptocurrency has faced strong resistance around the $7.000 market level, presenting a significant challenge to buyers, especially this month.

Toncoin Price Forecast: TONUSD Outlook

August started with a bearish dive, which continued until sellers pushed the price down to the $5.000 market area. However, the bulls made a comeback, driving the market higher and first breaching the $6.110 significant area.

Despite the recent drop in Toncoin’s price, buyers are making a determined effort to stage a comeback, aiming for a significant push towards the $7.000 market level. This move will only be possible if they can trade above the recent lower highs.

The Parabolic SAR (Stop and Reverse) indicator remains on a long bullish projection despite recent pullbacks. Additionally, the MACD (Moving Average Convergence and Divergence) indicator continues to reflect a bullish sentiment.

TONUSD Medium-Term Trend: Bullish (4-Hour Chart)

In the short term, buyers are gaining momentum, working to build stronger upward movement. Both the MACD and Parabolic SAR indicators continue to signal bullish sentiment to traders.
The Parabolic SAR’s long bullish projection suggests the potential for further upward movement and buyer dominance. The bullish sentiment surrounding the MACD provides additional confirmation of potential price increases, supported by reliable crypto signals.

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