Toncoin Price Forecast: TONUSD Poised For Rally After Retesting Triangle Border

Toncoin Price Forecast: September 27

The Toncoin price forecast is for the market to rally towards $3.2710 after rebounding from the upper triangle border.

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

Key Levels:

Zones of supply: $3.2710, $2.6220
Zones of Demand: $1.9800, $1.3680

The Toncoin buyers have the most control in the market at this point. This has led to a break of structure and a breakout beyond its triangle pattern, thereby pushing the coin to as high as $2.6220. At this level, the market has sought retracement to the upper border of the former triangle structure. It is expected that the bulls leverage this support for the next rally.

Toncoin Price Forecast: TON Outlook

TONUSD is poised for a potential rally following a retest of crucial levels. Buyers have assumed control in the Toncoin market, precipitating a structural shift and breakout from a triangle pattern, propelling the coin’s value to as high as $2.6220.

Presently, the market retraces towards the upper border of the former triangle structure, where bullish momentum is expected to find support for the upcoming rally.

The Stochastic oscillator illustrates the robust bullish recovery momentum, with its lines continuously ranging from overbought conditions to the middle line.

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

The 25-period Moving Average (MA) has aligned itself as a supportive foundation beneath daily candles, continuously ascending, and is anticipated to reinforce the triangle boundary, facilitating an upward price rebound.

On the 4-hour chart, the Stochastic Oscillator lines are showing an upturn from an oversold market as the price rebounds from the triangle border. The 25-period MA on this timeframe positions itself above the candles but is currently being negotiated as the coin aims to surpass it. The projected trajectory suggests a rally with an attainable target of $3.2710.

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