Toncoin

Resistance

Billion

Time

<ul class="list-ic vertical">
 <li>1 <a>TON crypto price is above the key moving averages.</a></li>
 <li>2 <a>Toncoin crypto price is taking support on the 50 EMA level.</a></li>
</ul>
TONCOIN price prediction suggests that TON crypto is on an uptrend after breaking out of the bears stronghold. The price is above the critical EMAs on the daily time frame. The volume is seeing a slight decline which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, it could surge till the $2.6068 level within the next few weeks whereas the immediate support level for the TON is around $1.6007. The price movement is more stable for TON crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 50 EMA which would put the anticipated outcomes in the bulls’ favor.
The present value of TON is $2.0231 and it has a market capitalization of around $6.945 Billion (press time).
TONCOIN price has been trading in a bull trend for the past few months. After breaking out, TON crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial demand zone.
<h2 class="wp-block-heading" id="strong-technical-analysis-of-toncoin-crypto-price-in-1-d-time-frame-strong">Technical Analysis of TONCOIN Crypto Price in 1-D Time Frame</h2>
If it can sustain at this level, TONCOIN price could continue to go up and reach the first and second targets of &nbsp;$2.6068 and $2.3050, respectively. However, if the TON price cannot maintain this level and falls, then it might hit the closest support levels of &nbsp;$1.6007 and $1.5138.Currently, TONCOIN crypto (USD: TON) is above the 50 and 200-day EMAs (exponential moving averages), which are supporting the price momentum.&nbsp;
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the <a href="https://www.thecoinrepublic.com/2023/09/19/toncoin-ton-comes-under-top-10-list-of-most-traded-crypto/" target="_blank" rel="noopener noreferrer nofollow">TONCOIN price</a> is expected to move upwards, giving bullish views over the daily time frame chart.
The current value of RSI is 48.21 points. The 14 SMA is above the median line at 53.96 points which indicates that the TONCOIN crypto is showing weakness.
The MACD line at 0.0282 and the signal line at 0.0791 are above the zero line. A bearish crossover is observed in the MACD which signals weakness in the momentum of the TON crypto price.
<h4 class="wp-block-heading">Summary</h4>
TONCOIN (USD: TON) technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the TON crypto price. Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
<h4 class="wp-block-heading">Technical Levels</h4>
<ul>
 <li>Support Levels: $1.6007 and $1.5138.</li>
 <li>Resistance Levels: $2.6068 and $2.3050.</li>
</ul>
<h5 class="wp-block-heading">Disclaimer</h5>
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

Toncoin Crypto: Will TON Crypto Price Reach the $3 Mark in 2023?

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Thecoinrepublic.com

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