TON’s Price has been bullish over the past few months. It hit a bearish turn and broke through its long-term support level, however, it was met with plenty of buying power near its 200-day exponential moving average (EMA), causing a strong bullish engulfing candle. Despite recent bearish attempts, the price finds its way back to the long-term support level.

Our analysts predicted in early March that TON’s price may face a correction when it was trading around $2.65. This prediction was almost accurate as the price dropped 12%, from its highs of $3.00. Following this, the coin saw a 13% rally, though it was somewhat short-lived as sellers started to take control of the market once again. Nevertheless, the buyers regrouped and showed strength in the market.

At present, TON’s price is trading near the 100-day EMA and the 20-day and 50-day EMAs marked a bullish crossover. The Relative Strength Index (RSI) crossed the 14 Simple Moving Average (SMA), with a value of 53.46 points, while the 14 SMA is at 41.11 points, which suggests further bullishness. On the flip side, Oscillators are moving into the supply zone while volumes show more green than red candles, although declining in size.

Overall, things look promising for TON’s price if buyers can maintain support near the current level. As per forecast, the coin may experience a bullish rally of more than 10%, with support near $2.19 and resistance near $2.50. It is important to note that crypto investing is associated with financial risks, and one should be wary of what they invest in.



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