Toncoin Price Forecast: TONUSD Buyers Lose Momentum as Sellers Regain Control

TONUSD Price Forecast – July 17th

The Toncoin price forecast indicates that buyers have been unable to breach the $7.660 significant level, leading to market consolidation as sellers gain the upper hand.

Toncoin Long-Term Trend: Bearish (1-Day Chart)
Key Levels

Zones of Supply: $6.120, $8.6320
Zones of Demand: $4.9400, $5.500
The market buyers have slipped once again, failing to complete their buying effort and trade through the $7.660 significant level. The crypto buyers have been cut short, and sellers are now planning to breach the $6.860 significant level.

Toncoin Price Forecast: TONUSD Outlook

Despite being in a ranging market, traders have been looking for expansion, but the $8.170 significant level has held buyers off since June. Consequently, the bulls have been halted from making new highs, and the market has been stuck in a ranging phase.

Sell-side traders, on the other hand, have been pushing back, holding the price below the $6.680 key level. Currently, the market remains in a ranging mode, but the bears are taking charge following the buyers’ defeat around the $7.669 key level.

The Parabolic SAR Stop and Reverse indicator is pulling lower as sellers make a thrust downward, showing that TONUSD coin has settled into a sell motion. The MACD (Moving Average Convergence and Divergence) indicator is also spreading into the lower region, indicating that it will take some time for buyers to recover.

Toncoin Medium-Term Trend: Bearish (4-Hour Chart)

On the 4-hour chart, the market remains in the sell area, and the pressure is intensifying, putting buyers in check.
The Parabolic SAR and the MACD have switched directions, putting sellers in control, and the TONUSD price is likely to fall back to the $6.860 significant level. These movements align with the latest crypto signals, suggesting continued bearish momentum.

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