Toncoin Price Forecast – TONUSD Buyers Resist Sell Pressure Amid Recovery Attempts

Toncoin Price Forecast – December 17

Toncoin price forecast highlights buyers making renewed moves for recovery.

Toncoin Long-Term Trend: Bearish (Daily Chart)

Support Levels: $3.500, $3.900

Resistance Levels: $6.000, $5.590

Toncoin buyers are actively resisting persistent selling pressure, initiating a recovery from the $5.1650 support level. Although recent weeks have been dominated by bearish sentiment, buyers are gradually gaining traction, indicating a potential shift in momentum. This recovery follows a decline from the $6.6000 resistance level earlier this quarter, which came after a strong bullish phase that eventually gave way to intense sell-offs.

Toncoin Price Forecast – TONUSD Outlook

The $5.1650 level has become a critical support zone where buyers are mounting a defense against bearish dominance. Maintaining this level is crucial, as it could serve as the foundation for a more significant recovery.

The Momentum indicator reveals early signs of renewed buyer interest, hinting at a possible shift in market sentiment. However, caution persists, as selling pressure continues to weigh heavily on the market.

The Moving Average Convergence Divergence (MACD) indicator reflects a still-dominant bearish sentiment, though it shows the potential for a bullish crossover. If buyers sustain their efforts, this could mark a turning point, sparking a renewed upward trend.

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

In the shorter term, buyers are making progress, though selling pressure remains a formidable challenge. For a sustained recovery, buyers will need to exert greater force to counter bearish sentiment and overcome key resistance levels. Traders should watch the MACD for indications of a bullish crossover, as well as the Momentum indicator for confirmation of growing buying strength.
Should the $5.1650 level hold, it could act as a launching pad for a more robust recovery. Conversely, if sellers regain control, the market could experience further declines, with lower support levels becoming targets. Crypto signals suggest traders closely monitor price movements at this critical juncture for potential opportunities.

Make money without lifting your fingers: Start using a world-class auto trading solution 

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.