Toncoin Price Forecast: TONUSD Continues Unprecedented Rally

Toncoin Price Forecast: April 10

The Toncoin price forecast is for another short period of consolidation that will likely lead to another rally beyond the new ATH.

Toncoin Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $7.50, $7.10
Zones of Demand: $6.50, $5.68

Toncoin continues its unprecedented rally and has now broken new grounds to set a new all-time high (ATH). This all started from several days of tapering through a triangle pattern, right from the inception of the market. After the market matured and broke out of the triangle, several days of consolidation above the structure followed. The buyers stored so much momentum during the consolidation phase, which now leads to unprecedented price levels. The ATH is now at $7.10.

Toncoin Price Forecast: TON Outlook

Toncoin continues its remarkable rally, setting a new all-time high (ATH). This upward movement originated from an extended period of consolidation within a triangle pattern since the market’s inception.

Following the breakout from this triangle, the market underwent several days of consolidation above the pattern.

The accumulated buying momentum during this consolidation phase has now propelled the coin to its new ATH of $7.10.

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

Throughout this bullish phase, the daily Moving Average Cross (MA Cross) has consistently supported the candlesticks, reinforcing the upward trajectory of prices. Additionally, the daily Moving Average Convergence Divergence (MACD) lines, previously fluctuating around the zero level, have surged significantly above it, indicating strong bullish momentum.

On the 4-hour timeframe, the MA Cross continues to act as a supportive baseline for the market, mirroring its role on the daily chart. However, a brief consolidation phase occurred between $5.68 and $4.85, leading to upward volatility in the candle movements. The MACD lines reacted swiftly, surging above the equilibrium line as soon as the price broke free from this consolidation, reinforcing the prevailing bullish sentiment. While the market currently exhibits strong bullish tendencies, another consolidation phase may precede a potential further surge.

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