Toncoin Price Forecast: TONUSD Sellers Push Price to $5.150 as Buyers Retreat

Toncoin Price Forecast – October 2

The Toncoin price forecast indicates that the market has weakened to the $5.150 key support level following a sharp decline from the $6.140 region.

TONUSD Long Term Trend: Bearish (1-Day Chart)
Key Levels

Support Levels: $5.150, $4.470
Resistance Levels: $6.140, $6.500
Throughout September, the Toncoin market saw a notable bullish trend, with the price climbing as high as $6.140. However, the recent sell-off has driven the price back down to the $5.150 support level, signaling a shift in market sentiment. Buyers who had previously maintained control are now retreating as sellers gain the upper hand, pushing the price lower.

TONUSD Price Forecast: TONUSD Outlook

The Momentum indicator highlights a weakening impulse, reflecting the strength of the sellers. Additionally, the Moving Average crossing has confirmed a bearish outlook, suggesting that the market may continue facing downward pressure.

The forecast for the TONUSD coin suggests that the bearish sentiment may persist in the short term. The $5.150 support level could offer a potential reversal point for buyers, but they will need to gather significant momentum to lift the price higher. So far, the Momentum indicator has not shown clear signs of recovery, and the Moving Average crossing remains aligned with bearish sentiment.

If buyers manage to mount a comeback, they will need to overcome the $6.140 resistance level to regain control of the market. However, with sellers remaining active, the market may continue to see further declines unless buyers push for a stronger reversal, aided by timely crypto signals.

TONUSD Medium Term Trend: Bearish (4-Hour Chart)

In the shorter term, the market continues to face pressure as sellers drive the price lower. Both the Moving Average crossing and the Momentum indicator point to a bearish trend, confirming the ongoing decline. The price is moving toward the $5.150 support level, and sellers are looking for a stronger breach to push the price down further.
If buyers are unable to defend the $5.150 support, the market could fall toward the next key level of $4.470. However, if TON buyers regain strength, they will need to push the price back above the $6.000 resistance to reverse the current bearish trend.

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