The post Toncoin Price Ends The Slide And Consolidates Above $2.50 appeared on BitcoinEthereumNews.com.

Apr 19, 2025 at 19:09 // Price Toncoin (TON) is trading in the lower part of the chart between the support of $2.50 and the high of $4.00. Toncoin price long-term prediction: bearish However, since April 6, the cryptocurrency has been limited to trading above the $2.80 level and the 21-day SMA, as reported by Coinidol.com. The upside above the current support level of $2.80 and below the moving average lines seems to be limited by the doji candlesticks. If the altcoin breaks above the moving average lines, it will test the resistance level of $4.00. TON will reach $6.00 once the $4.00 resistance is overcome. If TON loses its support, it will fall below the previous low of $2.50. At the time of writing, TON is trading at $2.97. Ton price indicators analysis There is a new bearish crossover below the downward moving average lines on the daily chart. The current decline is evident from the fact that the 21-day SMA is below the 50-day SMA. The doji candlesticks indicate that traders have not yet made a decision. The oversold area of the market has been reached by TON. TON rises as more buyers emerge. Technical Indicators Resistance Levels: $6.00, $8.00, $10.00 Support Levels: $5.00, $3.00, $1.00 What’s the next step for Toncoin? Since March 10, TON has been trading above the $2.50 support level. Buyers have tried to resume an uptrend by breaking above the moving average lines. The altcoin was forced by the bears to trade in the bearish trend zone. The altcoin is still consolidating above the current support and the slide has stopped above the $2.80 level. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as…

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Filed under: News - @ April 19, 2025 8:21 pm