Toncoin Price Forecast: TONUSD Maintains Bullish Outlook Amid Challenges

Toncoin Price Forecast: October 25

The Toncoin price forecast is that the market will overcome its current challenges to keep pushing toward the threshold.

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

Key Levels:
Zones of supply: $2.6220, $3.2710
Zones of Demand: $2.0655, $1.9800

Toncoin retains its bullish sentiment despite the present difficulty in pushing its price higher. An earlier strong surge in mid-September has been followed by a major retracement back to the $1.9800 demand level. After about a month of the September upsurge, another market pump began off the $1.9800 support. Nevertheless, after rising above the triangle border, there has been a bit of difficulty pushing the price higher. Notwithstanding, the market still retains its bullish sentiment.

Toncoin Price Forecast: TON Outlook

TONUSD continues to display bullish sentiment despite facing current challenges, driving its price higher.

Following a significant surge in mid-September, the market experienced a notable retracement back to the $1.9800 demand level. About a month after the September upswing, a new market upturn has been initiated from the $1.9800 support level.

However, after breaking above the triangle border, the price has encountered some resistance in its upward movement. Nevertheless, the overall market sentiment remains bullish.

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

Since the latest upturn commenced from the $1.9800 demand level, the Parabolic SAR (Stop and Reverse) dots have aligned below the daily candlesticks, signaling bullish sentiment. The retracement has not pushed the MACD (Moving Average Convergence Divergence) lines significantly into negative territory, and they swiftly cross back upward as the price embarks on a new ascent.

On the 4-hour chart, the price appears to be retracing, possibly to retest the upper triangle borderline. Consequently, the Parabolic SAR dots have switched above the 4-hour candlesticks. The MACD, despite its descending line, remains comfortably above the zero level. A rebound is expected, driving the price to continue its ascent towards the $2.6220 level. This affirms the coin’s prevailing bullish outlook.

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