Toncoin Price Forecast: TONUSD Buyers Struggle to Break Through Consolidation

Toncoin Price Forecast – September 26

The Toncoin price forecast reveals a consolidating market as buyers attempt to push for a breakthrough.

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

Support Levels: $4.460, $5.000
Resistance Levels: $5.480, $6.000
Toncoin price has been in a phase of indecision, with buyers struggling to regain momentum. After finding support at the $4.470 level, the bulls managed to lift the price to the $5.410 resistance area. However, they have been unable to push the price beyond the significant $6.000 level, which continues to act as a tough barrier for buyers.

Toncoin Price Forecast: TONUSD Outlook

The recent consolidation reflects a temporary pause in the buyers’ momentum. This has kept the price trading within a narrow range, with neither side able to take clear control of the market.

Although the TONUSD bulls have yet to break past the $6.000 resistance, signs of a potential breakout remain. The Bollinger Bands indicate increasing volatility, suggesting that the consolidation phase could soon give way to a decisive move.

Additionally, the Momentum indicator is gradually strengthening, which may support the buyers’ efforts to push the price higher. Should the bulls gather enough momentum, a breakout past the $6.000 level could open the door for further gains. However, if they fail to overcome this barrier, the price may retest the $5.000 support zone.

Toncoin Medium Term Trend: Consolidation (4-hour Chart)

In the short term, Toncoin crypto remains in consolidation, with buyers and sellers locked in a struggle. No significant breakout has occurred, as buyers remain cautious. The Bollinger Bands on the 4-hour chart show signs of price accumulation, hinting at the potential for a volatility-driven breakout soon. The Momentum indicator remains subdued, signaling the need for stronger buyer participation to spark a breakout.
If buyers succeed in building enough momentum, the price could push beyond the $5.410 resistance, aiming for the $6.000 level once more. On the other hand, failure to do so could see the market continue to trade within the range of $5.000 and $5.410. Traders should stay alert for key crypto signals that could confirm the next market direction.

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.