Toncoin [TON] price prediction – Watch out for THESE short-term targets!
The post Toncoin [TON] price prediction – Watch out for THESE short-term targets! appeared on BitcoinEthereumNews.com.
Toncoin’s daily chart had a bearish structure, but demand was stronger A breakout past $4 hasn’t been confirmed yet Toncoin [TON], at the time of writing, seemed to be flashing a sell signal on the TD Sequential, according to crypto analyst Ali Martinez. This, after the price started trading under the pivotal $4 resistance zone. A growth in Toncoin dApps could mean a resurgence in DeFi solutions across the network. Hence, the question – Could this boost demand for the token and drive the altcoin’s price higher? Is Toncoin’s demand enough for a breakout? Source: TON/USDT on TradingView On the daily timeframe, Toncoin‘s market structure was bearish. And, the $3.95-level would be the one to beat to shift it bullishly. The chances of this happening appeared good too. Additionally, the volume indicators were on the bulls’ side. At the time of writing, the CMF was above +0.05 to signal sizeable capital inflows. The OBV dramatically bounced higher over the past two weeks and seemed to be closing in on the highs from December. The MACD also noted a shift in momentum and at press time, was close to climbing past the zero mark. Together, these indicators revealed that a breakout beyond $4 might be likely. TON bulls’ flip of the $3.47-level to support a week ago may be an encouraging sign as well. Source: TON/USDT on TradingView The 4-hour chart revealed that Toncoin’s capital inflows have slowed down lately. The CMF fell below -0.05. However, investors need not be disheartened. The OBV maintained its uptrend, although the MACD outlined weakened bullish momentum. The market structure was bullish, and the $3.4-level emerged as a demand zone. A retest of this area would likely yield a price bounce. A move below this level could see TON retrace its recent gains. Source: Coinglass…
Filed under: News - @ March 22, 2025 8:30 pm