Toncoin (TONUSD) Price Rises Above the Resistance Trend Levels

Toncoin (TONUSD) Price Forecast: April 1

Today, the TONUSD market looks promising as it rises above the resistance levels amid soaring network activity. The entire market is up by 0.75% and headed for higher highs as derivatives traders turn overwhelmingly bullish on the asset. However, this increase projects a possible growth of 8% gain. Therefore, if the buying pressure persists, the coin price could surge high and touch the $7.20 resistance level, extending to the $7.30 upper high mark, resulting in a high momentum rally and an investment opportunity for interested traders.

Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $2.45, $2.40, $2.39

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

The TONUSD pair gained traction as it rose above the resistance levels, reaching a new high, indicating a bullish market trend in its long-term view. However, the market is facing the upper resistance at the recent high.
The pair was able to hold above the supply levels in its recent high due to the sustained bullish pressure at the $4.04 high value during the last session.

At the time of writing, the current price of Toncoin after completing the low dips at $3.65 of the last session, rose to a $3.88 resistance level above the EMA-50 as the daily chart opens today, indicating an uptrend in the context of the strength of the market, potentially propelling the coin price towards an exciting $7.20 previous peak level, providing buyers with a solid entry point and attracting new investors in the network.

Additionally, the daily stochastic indicates an uptrend. In light of this, the TONUSD price might rise, if the support level at $3.65 holds. The price target might be the $7.30 upper resistance level soon, bolstering further recovery in its long-term perspective.

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

Despite the interference of the short traders, the TONUSD price is going long on the medium-term chart. The price currently trades above the EMA-50 making higher highs and moving towards the major upper resistance area.
The bulls’ activities on the crypto to a $3.72 high level in the previous action have led to the coin’s bullishness in its recent high.

After updating the lows of $3.78 value, the bulls surged the coin price to the $3.84 resistance level above the EMA-50 shortly after the 4-hourly chart opened today, reflecting increasing interest and engagement within the platform.

Hence, trading above the moving averages will enable the market value of TONUSD to keep pushing up. Therefore, if the bulls can add more aggression to their activities in the market, the coin price may rise above the $4.09 previous resistance level, targeting a notable market correction level at the upper channel.

Notably, the Toncoin price remains in an uptrend direction, suggesting that the crypto might continue its bullish momentum and this may drive the coin price to surpass the $4.09 level and hit the $7.30 upper resistance value in the days ahead, in its medium-term perspective.

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