Toncoin Price Forecast: TONUSD Stalls as Buyers Struggle to Regain Footing at $7.500 Level

Azeez Mustapha

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Toncoin Price Forecast: July 10th

The Toncoin price forecast shows that buyers have failed to capitalize on their recent gains, allowing sellers to pull the price lower as the market remains range-bound.


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

Zones of Supply: $6.100, $8.6300
Zones of Demand: $4.900, $5.500
Toncoin Price Forecast: TONUSD Stalls as Buyers Struggle to Regain Footing at $7.500 LevelThe Toncoin market has hit a roadblock, with buyers unable to capitalize on their recent attempts to push the price higher. Despite their efforts, the buyers have missed the opportunity to build momentum and reach the $7.500 key level. Being at a disadvantage, the sellers have seized the chance to pull the price lower. As Toncoin yields to sell-side sentiment, traders may see the price hold down to the $6.830 market level.


Toncoin Price Forecast: TONUSD Outlook

For over two months, the crypto market has been in a constant battle within a range-bound market. Buy-side dominance has only been seen up to the $8.290 significant level, beyond which the buyers have not been able to achieve a breakthrough. The bears have been trading around the $6.830 market level. Although sell-side penetration has been observed through this key level, the market still remains trading around the $6.830 zone.

Buyers managed to push for more gains just two days ago, but Toncoin is now facing a decline. The buyers are losing out, coupled with a decline in the Momentum indicator.

The MACD (Moving Average Convergence Divergence) also expresses sell-side sentiment, as the sellers soon step into the sell region. A drop back to the $6.830 key level is a plausible scenario, as the technical indicators suggest a shift in market control.


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

On the shorter time frame, buyers have been relieved as the price pulls down, but the Momentum indicator is influenced by a decline, and the MACD is slowly emerging around the sell-side region.
Toncoin Price Forecast: TONUSD Stalls as Buyers Struggle to Regain Footing at $7.500 LevelThe signal line suggests that the sellers are gaining control over the shorter time frame, and they may likely take the opportunity to pull the price lower. Crypto signals indicate that traders should monitor these levels closely for potential market movements.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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