Coinidol.com: TON Stays Above Its $1.20 Critical Support

Toncoin's (TON) price fluctuates but remains below the $1.40 barrier.

TON price long-term forecast: ranging

Today, the upward movement reached a high of $1.34, with buyers attempting to push the price above the moving average lines or the $1.40 resistance. If buyers do not sustain the price above the $1.40 resistance, the current price range will persist. In other words, the price will continue to trade above the $1.20 support.

On the upside, the market will reach $1.85 if it breaks above the $1.40 level. Meanwhile, if TON does not rise above the moving average lines, it will remain stable above $1.20. Today, the cryptocurrency is at $1.30.

Technical Indicators

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

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

TON price indicators analysis

TON's price fluctuates between the 21-day and 50-day SMA boundaries. The moving average lines have slowed the cryptocurrency's upward movement. However, the price bars on the 4-hour chart are above the horizontal moving average lines. The formation of the Doji candlestick suggests that the coin will maintain its range-bound movement.

What is the next move for Toncoin?

TON continues to move sideways, below the moving average lines. However, on the 4-hour chart, the price bars are above the moving average lines. Price movement has been confined below the $1.36 high. On the 4-hour chart, the crypto asset has fluctuated below the $1.36 high while remaining above its critical support at $1.20.

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.