Toncoin (TONUSD) Price Is Going Long

Toncoin (TONUSD) Price Forecast: May 31

TONUSD price is going long and may continue in this direction as the bulls remain dominant while the coin price faces the upper channel. The coin price sends a clear bullish signal trading above the EMA line indicating buyers are making solid progress. The crypto gave a bullish breakout from the $3.425 value, suggesting buyers are making a recovery attempt. As pointed out, a positive close above the $4.175 high mark could accelerate to the $5.632 upper resistance level, bolstering recovery in the growing market.

Key Levels:
Resistance Levels: $3.400, $3.500, $3.600
Support Levels: $2.450, $2.350, $2.250

TON (USD) Long-term Trend: Bullish (Daily Chart)

The long–term chart of TONUSD shows that the price is going long. The coin price is above the moving average making higher highs and higher lows, indicating an uptrend. The upward trend might continue following the increasing volume by the bulls.
The successful breakout by the bulls to the $3.327 supply value in the last session also contributed to the crypto price going long in recent times.

Buyers made a strong push up to the $3.474 supply value above the EMA-50 to open the daily chart today, to improve the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.

Additionally, due to an upward momentum shown by the price indicator, the Toncoin might continue going long to retest the $4.165 resistance level and could expose the coin price to the $5.632 upper high level soon in its long-term outlook.

TON (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of short traders, the TONUSD price is going long on the medium-term chart. The price currently trades above the EMA line making higher highs and moving towards the major upper resistance area.
The successful breakout by the bulls to the $3.430 supply value during yesterday’s session has enabled the coin market to go long and retain its bullish strength lately.

The TONUSD price rallied to a $3.474 high value above the EMA line as the 4-hourly chart resumes today, signaling a possible bullish breakout.

Thus a possible breakout above the $3.474 current supply could propel the crypto price towards the $3.692 peak value.

Notably, the coin price is rising again and may continue as suggested by the daily signal pointing upwards. Therefore, the next bullish rally might reach the $4.165 upper resistance trend line soon in its medium-term outlook.

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