TON Maintains Its Range above $1.30

Toncoin’s (TON) price fluctuates as it remains trapped between the moving average lines.

TON price long-term forecast: ranging

Price movement has been restricted by the formation of Doji candlesticks. In recent trading, TON moved sideways above the $1.20 support but below the $1.40 resistance.

Today, the cryptocurrency has reached a high of $1.34. If buyers push the price above the 50-day SMA and the $1.40 resistance, TON could rise to $1.70.

However, if TON faces further rejection at its recent high, the sideways trend will persist above the $1.20 support. For now, price movement remains limited between the moving average lines.

Technical Indicators

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  Key Resistance Zones: $4.00, $4.50, and $5.00

• 
  Key Support Zones: $3.50, $3.00, and $2.50

TON indicator analysis

The cryptocurrency price has been consolidating, forming Doji candlesticks. Doji candlesticks indicate traders’ uncertainty about future direction. The price bars are positioned between the horizontal moving average lines. The 4-hour chart shows price bars above the horizontal moving average lines, indicating a sideways trend.

What is the next move for Toncoin?

TON’s price is drifting sideways after encountering resistance at $1.40. On the 4-hour chart, the price is trading above the moving average lines but below the $1.36 high. If the price crosses the $1.40 threshold, the bullish trend will resume. The prevalence of Doji candlesticks suggests the sideways movement may continue.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.