Toncoin Price Forecast: TONUSD Struggles as Bears Reclaim $4.570 Level

Toncoin Price Forecast – September 4th

The Toncoin price forecast indicates the market is reverting to the $4.570 level amidst a bearish streak.

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

Support Levels: $4.460, $3.000
Resistance Levels: $7.120, $6.000

 

The Toncoin ecosystem has been under a sustained bearish streak, dragging the price of TONUSD back to key levels. This week, bears successfully breached the $5.050 level, and the crypto is now trading around the $4.640 zone, indicating a deep retracement.

Toncoin Price Forecast: TONUSD Outlook

Following an attempt to break through the $7.120 zone, the price of TONUSD began to drop last month. As liquidity was purged, sell traders pushed the price below the $6.000 mark, leading to a further decline to the $5.000 level.

At this point, sellers maintain control, but the $4.570 key level could offer a reaction point. Bulls might attempt a comeback from this significant level, provided there is sufficient buying pressure.

The Stochastic Oscillator is already in the oversold territory, which could provide buyers an opportunity to reverse the current trend. However, the Parabolic SAR (Stop and Reverse) indicator remains bearish, suggesting that buyers need a stronger push to reclaim the market.

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

Currently, sellers still dominate the market, making it challenging for buyers to stage a comeback. The Parabolic SAR and Stochastic Oscillator remain bearish, signaling that the downward trend may persist in the near term.
To regain control, buyers must defend the $4.570 support level and build enough momentum to drive the price back above the $7.120 resistance. The battle between bulls and bears is expected to continue, and success will depend on the buyers’ ability to turn the tide, as indicated by the latest crypto signals.

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