According to a cryptocurrency price analysis by Coinidol.com, the price of Toncoin (TON) is currently moving above the $5.00 support level but remains below the moving average lines. The altcoin has experienced a drop to a low of $4.78, but has since rallied back above $5.00. However, buyers have been unable to sustain the price above the moving average lines. The analysis suggests that TON may drop to the 2.0 Fibonacci extension level of $3.65, but the bulls are currently holding on to the $5.00 support. The cryptocurrency is currently trapped between the moving average lines, indicating a rangebound movement. The analysis also highlights resistance levels at $6.00, $8.00, and $10.00, as well as support levels at $5.00, $3.00, and $1.00. On the 4-hour chart, TON is trading in a narrow range between $5.40 and $5.80, with resistance at $5.80. The analysis concludes that TON will remain in a trading range as long as it remains trapped between the moving average lines.



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