Toncoin Price Forecast: TONUSD Holds Above Key $1.3680 Level Amid Volatility

Toncoin Price Forecast: June 28

The Toncoin price forecast is for the coin to eventually make the anticipated breakaway after a while of fluctuating above $1.3680.

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

Key Levels:
Zones of supply: $1.8100, $2.0040, $2.6220
Zones of Demand: $0.7420, $0.9940, $1.3680

The Toncoin market is trying to find a direction in the market. There has been a tussle for control between the bears and bulls at different intervals. This has shaped the market into a tapering movement. The coin is still in the midst of it as it spikes off $0.9940 and climbs above the $1.3680 key level. The price is currently fluctuating with little bias toward the bulls.

Toncoin Price Forecast: TON Outlook

The Toncoin has generally been moving in a wavy manner due to the activities of opposing market forces. With each cycle completed, the moving range shrinks.

The coin has been on the decline since March. However, by June 11, the price went to the target support of $0.9940 before reclining above $1.3680.

Above $1.3680, the market has been fluctuating as it contemplates a direction. The downward spike has caused the Parabolic SAR (Stop and Reverse) to switch below the daily candles.

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

The MACD (Moving Average Convergence Divergence) lines have slid deep below the zero level due to the downward movement from March. However, the lines have crossed upward as buyers plot to take over. Mini bullish histogram bars are displayed on the chart as well.

The MACD indicator on the 4-hour timeframe shows something a bit different. The lines have successfully crossed above the zero line but have now dropped back to equilibrium and are looking to keep fluctuating around the level. This also causes the Parabolic SAR dots to hang above the MA.

 

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