Toncoin Price Forecast: TONUSD is gunning to reach a lower high at $2.0040

Toncoin Price Forecast: August 30

The Toncoin price forecast is for the market to reach the $2.0040 significant level after prevailing over the bearish pressure.

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

TONUSD is now gunning for the $2.0040 significant level after prevailing over bearish pressure. The market is now set to continue its undulating pattern after successfully dealing with the bearish intrusion. The ultimate goal of the coin is to break out of the triangle structure in which it is tapering. Reaching the lower high at $2.0040 will be needed before the price drops to another higher low. This will continue until TONCOIN eventually breaks out.

Toncoin Price Forecast: TON Outlook

TONUSD is strategically targeting a lower high at the prominent threshold of $2.0040, propelled by its triumph over bearish pressures.

Having adeptly navigated the challenges posed by bearish forces, the market is now poised to sustain its characteristic undulating pattern. The overarching objective for TONUSD is to effect a breakout from the triangle structure that has governed its trajectory.

The pivotal milestone in this endeavor involves reaching the lower high point at $2.0040, serving as a necessary precursor before a subsequent descent to establish a higher low. This cyclical pattern is expected to persist until TONCOIN ultimately achieves its anticipated breakout.

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

A noteworthy transformation is observed in the Envelope indicator on the daily chart as the surge in prices compels the upper boundary of the Envelope to ascend. This upward shift is complemented by the MACD (Moving Average Convergence Divergence) lines, which have surged beyond the zero level, accompanied by robust bullish histogram bars.

Turning attention to the 4-hour timeframe, the MACD lines continue to exhibit upward momentum, underscoring the prevailing bullish dominance in the market. Concurrently, the candlesticks reflect an ascending trajectory, rising above the middle Envelope line, signaling a concerted effort to breach the upper Envelope boundary. Given the alignment of these indicators, TONUSD is projected to successfully target the $2.0040 level, amplifying the prospects of its impending ascent.

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