Toncoin Price Forecast: TONUSD Under Bearish Pressure as Price Stays Below $5.100

Toncoin Price Forecast – October 9

The Toncoin price forecast indicates continued bearish pressure, with the price remaining below the critical $5.100 level.

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

Support Levels: $5.000, $4.470
Resistance Levels: $5.110, $6.140
Despite attempts to reverse its course, the Toncoin crypto market has encountered resistance, with sellers taking control. Earlier this month, sellers pushed the price down to the $5.000 mark following a rejection from the $6.140 level.

Toncoin Price Forecast: TONUSD Outlook

While bears are pushing for further declines, buyers are gradually trying to make a comeback, creating a struggle around this critical level. On the daily chart, selling pressure remains visible, with sellers holding the upper hand. The Parabolic SAR indicator trends downward, confirming the ongoing bearish sentiment.

Buyers are attempting to recover, but the pace is slow. The RSI (Relative Strength Index) shows the signal lines crossing towards the sell side, suggesting a possible continuation of the downtrend. For the Toncoin crypto to initiate a significant recovery, it will need to regain momentum above $5.110.

Despite sellers currently dominating the market, buyers are working to stabilize near the $5.000 level, a psychological support zone they aim to defend. However, the RSI still leans toward a bearish outlook, while the Parabolic SAR on the daily chart reinforces sellers’ control. A move above $5.110 could increase buyer confidence, but failing to reclaim this level might give sellers an opportunity to push prices lower.

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

On the 4-hour chart, sellers have pushed the price lower, showing dominance as buyers struggle to regain their footing. The recent pullback by buyers suggests a possible reversal attempt, but it’s uncertain whether this will lead to a full trend shift or just a temporary pause.
The RSI hints at some momentum building for buyers, but the Parabolic SAR remains bearish, indicating that sellers are ready to take advantage of any signs of weakness. Market participants might also look for crypto signals to gauge potential breakout points amidst the current market conditions.

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