Toncoin Price Forecast: TONUSD Exhibits Robust Breakout Momentum
Login

Toncoin Price Forecast: TONUSD Exhibits Robust Breakout Momentum

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: February 28

The Toncoin price forecast is for the market’s bullish sentiment to extend further after a forceful breakout from consolidation.

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

Key Levels:
Zones of supply: $2.60, $2.95
Zones of Demand: $2.23, $2.48

Toncoin Price Forecast: TONUSD Exhibits Robust Breakout Momentum

Toncoin has broken forcefully out of consolidation. The market was previously rejected at the $2.23 key level, but the bulls regrouped to shoot upward. The market has been trying to rebuild momentum through a consolidation phase between $2.48 and $1.98. The $2.23 key level is the center line between the two borders. The last attempt by the price to complete the bullish cycle at $2.48 was rejected at $2.23. However, the bulls having built enough impetus have led to a forceful breakout beyond the $2.48 resistance.

Toncoin Price Forecast: TON Outlook

Toncoin forcefully breaks out of a consolidation phase, overcoming previous rejection at the $2.23 key level.

Despite encountering resistance at $2.23 during the bullish cycle to $2.48, determined bulls have regrouped and orchestrated a formidable breakout beyond the $2.48 resistance.

The market, having consolidated between $2.48 and $1.98, witnessed the $2.23 level as a pivotal point.

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

Analyzing the daily chart reveals that the RSI (Relative Strength Index) indicator oscillated around the middle line, mirroring the market’s ranging nature, before surging into the overbought region. Concurrently, the Stochastic Oscillator lines exhibited a similar to-and-fro motion across the overbought and oversold borders, currently trending upward towards the overbought region.

Toncoin Price Forecast: TONUSD Exhibits Robust Breakout Momentum

Looking at the 4-hour chart, it is clear that there has been movement as the RSI indicator breaks through the middle line and moves quickly into the overbought area. Simultaneously, the Stochastic Oscillator lines have ascended to the overbought border, signaling their intent to enter the zone. These crypto signals strongly indicate a bullish sentiment, projecting upward momentum for TONUSD.

How To Buy Lucky Block

NoteLearn2.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