Toncoin Price Forecast - TONUSD Buyers Struggle

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Toncoin Price Forecast – January 29th

Toncoin price forecast shows the market is currently struggling to gain traction against persistent selling pressure, trading around the significant level of $4.8700.

Toncoin Long Term Trend: Bearish (Daily Chart)
Key Levels

Support Levels: $4.8000, $4.5000
Resistance Levels: $5.0000, $5.3600
The bearish trend intensified in mid-January when sellers broke through the $5.3600 key area. This lead to a significant price dump. Since then, the Ton ecosystem has faced continuous bearish pressure, and buyers have struggled to mount a recovery.

Toncoin Price Forecast – TONUSD Outlook

From its recent high of $7.0460, buyers have been unable to maintain momentum. It however reflecting a challenging environment for bullish sentiment. Although there are indications that buyers may be attempting to build against sell opposition, the dominance of bears remains evident.

The current rise seen in the market is reflected in the Momentum indicator, which shows signs of strength and impulse as buyers attempt to regain ground. However, the Moving Average Convergence Divergence (MACD) indicates a bearish market context, suggesting that the downward trend is still in play.

On the long time frame, while there has been a slight rise in price, the bears continue to challenge buyers. The view reflect the ongoing struggle in the larger market perspective. This could lead to further volatility as both sides vie for control.

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

On the 4-hour chart, while the bears pose a significant challenge, the gradual rise in price indicates that buyers are making attempts to push higher. However, the overall market conditions remain tough, with the bearish influence still dominant.
If buyers can manage to break above the immediate resistance at $5.0000, it may provide a more favorable environment for further gains. Conversely, if the bears maintain their pressure, a return to lower support levels at $4.8000 or even $4.5000 could be on the horizon. This key level will be used in crypto signals.

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