Toncoin Price Forecast: TONUSD to Consolidate till Next Year

Toncoin Price Forecast: December 27

The Toncoin price forecast is for the market to consolidate into the new year due to a lack of drive from the buyers at the moment.

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

Key Levels:
Zones of supply: $2.2300, $2.6220
Zones of Demand: $1.9800, $1.3680
Toncoin is unlikely to make any major move for the rest of this year. The market was trudging towards the $2.4800 resistance level while bearish pressure worked against the price. The eventual outcome is that the market slips and drops below $2.2300. The bearish pressure has decreased at this point, but the bulls are also exhausted.

Toncoin Price Forecast: TON Outlook

TONUSD is anticipated to undergo a consolidation phase until the conclusion of the current year.

Toncoin faces challenges in making significant advancements. Despite initial attempts to approach the $2.4800 resistance level, the market succumbs to bearish pressure.

The result is a decline below $2.2300. Although the bearish intensity has diminished, the bullish momentum appears depleted.

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

On the daily chart, the MA Cross experiences a downward crossover following the market’s departure from the trendline. The lines converge at $2.2300 without a clear directional bias. Stochastic Oscillator lines, initially approaching the overbought border, abruptly reverse course, plunging below the middle line.
Examining the 4-hour chart, the MA Cross follows a descending trajectory below the crucial $2.2300 level. Simultaneously, Stochastic Oscillator lines, previously near the oversold border, surge upward, approaching the middle line. The market is poised to oscillate in a consolidation pattern, alternating between rises and falls, until the year’s end before any decisive directional movement.

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