Toncoin Price Forecast: TONUSD Struggles Under Bearish

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Toncoin Price Forecast – October 16th

The Toncoin price forecast indicates the market is encountering strong resistance as sellers maintain control around the $5.190 level, exerting pressure on buyers attempting to break through.

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

Support Levels: $5.190, $4.470
Resistance Levels: $5.410, $6.140
The Toncoin crypto began the month with an initial rally up to $6.140, but bearish momentum quickly took over, driving the price down to the current support level. The month started with bearish sentiment, pulling Toncoin down to $5.190 from its $6.140 peak. Although buyers tried to regain momentum from the $4.470 support level, the bearish pressure has continued to hold them back.

Toncoin Price Forecast: TONUSD Outlook

For TONUSD buyers to regain control, they must push the price above the $5.410 level, which could indicate a potential reversal. The RSI (Relative Strength Index) is currently below 40.00, reflecting strong selling momentum.

The Moving Average crossing indicator is trending downward, further emphasizing the sellers’ dominance. In this market scenario, buyers must regroup and build enough momentum to surpass the $5.410 resistance level.

A breakout above this resistance could shift market sentiment towards a bullish recovery. Traders should watch for signs of stabilization in key indicators like the RSI and Moving Average, as these may provide important crypto signals for potential buying opportunities.

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

On the 4-hour chart, Toncoin is experiencing a battle between buyers and sellers. The RSI is consolidating at a low level, while the Moving Average crossing indicator remains bearish. For buyers to gain traction, they must break out of the current consolidation and push higher.
TONUSD remains under pressure, but a successful breach above the $5.410 level could trigger a recovery attempt. Buyers should monitor momentum shifts to assess the potential for a bullish turnaround.

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