TONUSD Price Forecast: TON Bulls Battle to Defend $6.800 Support Level

Azeez Mustapha

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TONUSD Price Forecast: June 19th

The TONUSD price forecast reveals that the crypto price stalls at $6.800 as sellers pressure the market. Traders are watching for potential buyer resurgences or bearish breakdowns.

TONUSD Long Term Trend: Bearish (1-Day Chart)
Key Levels
Support Levels: $6.800, $5.000
Resistance Levels: $8.000, $7.000
TONUSD Price Forecast: TON Bulls Battle to Defend $6.800 Support LevelTON has stalled at the crucial $6.800 level as sellers continue to apply pressure on the market. After a strong bullish run in the last quarter, the token’s price action has become a battleground between bulls and bears. Sellers have actively cut their positions down to this key support area, creating a tense trading environment.

TONUSD Price Forecast: TON Outlook
In May, buyers managed to pull the TONUSD price up from the $4.550 significant level, initiating a bullish trend. After encountering several highs and lows, buyers pushed the token up to the $8.200 key resistance level. However, sellers have now stepped in, causing the price to stall and retreat back down to the $6.800 support zone.

At this juncture, traders will closely monitor the TONUSD price to see if it can breach the $6.800 level or if buyers can defend this support. Utilizing the best crypto signals available can help traders make informed decisions during this volatile period.

The recent drop in the Momentum indicator suggests that bearish pressure is mounting, with the indicator pushing back towards the 0.00 level. However, if buyers regain confidence, this will likely be reflected in a rebound in the Momentum indicator.

TONUSD Medium Term Trend: Bullish (4-hour chart)
On the 4-hour chart, the TONUSD price has shown signs of a potential buyer resurgence. The price has rebounded above a key trend line, indicating that the bullish trend may still be intact. The Momentum indicator has also turned higher, while a crossover has been observed in the Stochastic Oscillator.
TONUSD Price Forecast: TON Bulls Battle to Defend $6.800 Support LevelCrypto signals suggest that buyers may be poised to make another run at the upside. Traders should closely monitor the $6.800 support level, as a successful defense could pave the way for a return to the $8.200 resistance. However, a breakdown below $6.800 could open the door for further downside.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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