Toncoin Price Forecast: TONUSD Consolidation Persists Below
Login

Toncoin Price Forecast: TONUSD Consolidation Persists Below $5.410 Key Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Toncoin Price Forecast – October 23rd

The Toncoin price forecast reveals that consolidation continues beneath the significant $5.410 level, with minimal movement in the market since the start of the month.


TONUSD Long-Term Trend: Bearish (Daily Chart)
Key Levels

Resistance Levels: $5.410, $6.140
Support Levels: $5.000, $4.750
Toncoin Price Forecast: TONUSD Consolidation Persists Below .410 Key Level Buyers have struggled to regain control, unable to push the price above this critical level. Similarly, sellers have shown limited strength, leaving the market in a stagnant phase. Last month, Toncoin buyers made an attempt to break through the $6.140 resistance but were unsuccessful, allowing sellers to push the price down to the $5.000 support zone. Since then, the market has been consolidating, with little movement between the $5.000 support and $5.410 resistance levels.


Toncoin Price Forecast: TONUSD Outlook

The Bollinger Bands are narrowing, indicating reduced volatility and suggesting a possible breakout in the near future. The buyers’ momentum remains weak, while sellers have also shown little determination to push the price lower.

With the Bollinger Bands showing a tight range and the Momentum indicator hovering around neutral, the market lacks clear direction. Both buyers and sellers appear uncertain, setting the stage for a potential breakout depending on which side gains more control.

If TONUSD buyers succeed in breaking above the $5.410 resistance, they could aim for the $6.140 level again. On the other hand, a drop below $5.000 would signal stronger bearish pressure, with the next key support around $4.750.


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

In the short term, the market remains quiet with low trading volume. The Bollinger Bands continue to converge, and the Momentum indicator remains near the mid-level, indicating no immediate signs of a significant price shift. Traders on both sides remain cautious, and the market is stuck in indecision.
Toncoin Price Forecast: TONUSD Consolidation Persists Below .410 Key Level As the Bollinger Bands narrow further, a breakout may be imminent. A decisive move either above $5.410 or below $5.000 will likely determine the next trend for the TONUSD coin. Until then, the market is expected to stay in this consolidation phase, with traders looking to crypto signals for potential breakout 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News