Toncoin Price Forecast: TONUSD Faces Mild Pullback As Bullish Potential Remains

Toncoin Price Forecast: July 4th

The Toncoin price forecast indicates that despite the market experiencing a mild pullback, with buyers losing some momentum at the $8.500 key level, the bullish potential remains.

Toncoin Long-Term Trend: Bullish (1-day Chart)
Key Levels

Zones of Supply: $6.000, $8.500
Zones of Demand: $4.800, $5.600
Toncoin has faced a mild loss, with buyers losing some of their momentum at the $8.500 key level. There have been attempts to break through this crucial price zone, but buyers have yet to succeed in their efforts. Last month, buyers were on a swing high but still fell short of breaching the $8.500 price zone.

Toncoin Price Forecast: TONUSD Outlook

Throughout June, Toncoin crypto has strengthened but has not made significant progress. Bears have been a major hindrance, managing to push the price back down to the $6.700 market area.

On June 19th, the bulls reentered the scene and started pulling the strings. Last week, the TONUSD price penetrated through the middle level of the Bollinger Band indicator and has currently risen close to the upper band, which is also near the $8.500 significant level.

However, with the current losses being experienced in the market, it is likely that we may see more pullbacks in the near term. The Stochastic Oscillator has crossed through the overbought region, suggesting that buyers may be taking a breather in their pursuit.

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

In the shorter time frame, the Toncoin market still shows a bullish structure as the price makes higher lows. Bears are focused on pulling the price lower, but buyers are still aiming to return to the market.
The Stochastic Oscillator is still trading in favor of the sell side, but a rebound may soon be observed around the middle level of the Bollinger Band indicator. This could provide buyers with the necessary momentum to make another push toward the $8.500 key level, supported by the best crypto signals.

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