Toncoin

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Toncoin crypto price is currently trading at $1.481004059 with a drop of 1.10% in the last 24 hours with a current market cap of $5.083 Billion.</a> </li> 
 <li> <span>2</span> <a>Toncoin crypto price increased by 14.12% over the past seven days.</a> </li> 
 <li> <span>3</span> <a>Despite mild bullishness TON is bearish in the long term.</a> </li> 
</ul> 
<p>The Toncoin crypto continues to exhibit weakness on the charts, with sellers exerting significant pressure in recent trading sessions. Furthermore, the chart structure favors the bears, and the price continues to form lower lows, which shows a fight between bears and bulls.&nbsp;</p> 
<p>At the time of writing, the Toncoin crypto trades at $1.481004059 with an intraday drop of 1.10%, indicating bearishness. Buyers are making efforts to gain traction in the market, but they are only able to secure a few critical levels of support. The intraday trading volume also decreased by 13%. Moreover, the TON crypto suggests further volatility in the following sessions.</p> 
<p>The Toncoin crypto is trading in a downtrend on the daily charts and has underperformed in the past months. Furthermore, the technical indicators continue to signal bearishness, with no signs of a bullish reversal or bounce occurring below as of now.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-toncoin-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Toncoin Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/dqMoDxuSajgEhj-7FjHs7N1b_yC4QuHVE-6Xe8q255cOnW9yFmOGaYbRLbYmvOq3GBNJUuwUkP2cSep3zs4xOT-RcUPwtzA1dEyNqMWi9s1u_XqzzIsqG4RIOOeksPD5Gth-QFYdXhsg2HGWyXZc-w" alt="Toncoin Crypto Price Prediction: Will TON Break Below $1 Level?"> 
  <figcaption class="wp-element-caption">
    Source: Toncoin.1D.USD by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Toncoin crypto (TON) is trading below the 50 and 200-day SMAs (Simple moving averages), which do not support the price trend. Nevertheless, if more selling volume adds up, then the price might conquer supporting SMA’s by making lower highs and lows. Hence, the TON price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>The MACD line at -0.071252570 and the signal line at -0.128226210 are below the zero line. A bullish crossover is observed in the MACD indicator which signals strength for the TON crypto price. The current value of RSI is 49.77 points. The 14 SMA is above the median line at 37.25 points which indicates that the Toncoin crypto is bearish.</p> 
<p>On the 4-hour charts, Toncoin is currently under the control of the sellers, and buyers are not able to surpass the range of neutrality. The price action indicates that sellers are persistently pushing back against the bulls below the $1.5 trajectory, causing the gains from the top to erode.</p> 
<p>The MACD indicator also suggests a neutral signal, and both the moving averages converge, which suggests that a significant move can be shown in the upcoming sessions. The relative strength index (RSI) curve is near the neutral range of 51, indicating negative divergence and bearishness on the charts.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Despite the current rise of Toncoin (TON) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the <a href="https://www.thecoinrepublic.com/2023/08/25/toncoin-crypto-price-prediction-will-ton-hit-2-in-2023/" target="_blank" rel="noopener noreferrer nofollow">TON crypto price</a>. Toncoin price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> The nearest support levels for the Toncoin crypto price are $1.095435140 and $1.095435140.</li> 
 <li><strong>Resistance Levels:</strong> The nearest resistance levels for the TON crypto price are $1.900752360 and $2.303992490.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Toncoin Crypto Price Prediction: Will TON Break Below $1 Level?

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Thecoinrepublic.com

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