TON price rallied nearly 15% and traded above the $6.50 resistance. Toncoin is now showing a few signs of trend exhaustion and might correct gains.
- Toncoin jumped above the $6.20 and $6.50 resistance levels.
- The price is now trading above $6.50 and the 100-hourly Simple Moving Average.
- There is a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair (data source from Kraken).
- The pair could start a downside correction if it declines below $6.80 and the $6.60.
TON Price Reaches $7
Recently, TON price started a strong increase from the $5.60 support zone. It climbed above the $6.20 resistance zone. It gained nearly 15% in a day and outperformed Bitcoin and Ethereum.
Toncoin traded close to the $7.00 level. A high was formed at $6.93 and the price is now consolidating gains. It is trading near the $6.80 zone and well above the 100-hourly Simple Moving Average. There is also a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair.
Immediate resistance is near the $6.92 level. The first key resistance is near $7.00. A close above the $7.00 resistance zone could spark a strong increase.
Source: TONUSD on TradingView.com
The next key resistance is near $7.20. If the bulls remain in action above the $7.20 resistance level, there could be a rally toward the $7.55 resistance. Any more gains might send the price toward the $8.00 resistance.
Downside Correction In Toncoin?
If Toncoin price fails to clear the $6.90 resistance zone, it could start a downside correction. Initial support on the downside is near the $6.80 level and the parabolic curve, below which the price might test the 23.6% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high.
The next major support is at $6.25 or the 50% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high. If there is a downside break and a close below the $6.25 level, the price might accelerate lower. In the stated case, the price could retest the $6.00 support zone.
Technical Indicators
Hourly MACD – The MACD for TON/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for TON/USD is now above the 70 level.
Major Support Levels – $6.80 and $6.60.
Major Resistance Levels – $6.90 and $7.00.
TON price rallied nearly 15% and traded above the $6.50 resistance. Toncoin is now showing a few signs of trend exhaustion and might correct gains.
- Toncoin jumped above the $6.20 and $6.50 resistance levels.
- The price is now trading above $6.50 and the 100-hourly Simple Moving Average.
- There is a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair (data source from Kraken).
- The pair could start a downside correction if it declines below $6.80 and the $6.60.
TON Price Reaches $7
Recently, TON price started a strong increase from the $5.60 support zone. It climbed above the $6.20 resistance zone. It gained nearly 15% in a day and outperformed Bitcoin and Ethereum.
Toncoin traded close to the $7.00 level. A high was formed at $6.93 and the price is now consolidating gains. It is trading near the $6.80 zone and well above the 100-hourly Simple Moving Average. There is also a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair.
Immediate resistance is near the $6.92 level. The first key resistance is near $7.00. A close above the $7.00 resistance zone could spark a strong increase.
Source: TONUSD on TradingView.com
The next key resistance is near $7.20. If the bulls remain in action above the $7.20 resistance level, there could be a rally toward the $7.55 resistance. Any more gains might send the price toward the $8.00 resistance.
Downside Correction In Toncoin?
If Toncoin price fails to clear the $6.90 resistance zone, it could start a downside correction. Initial support on the downside is near the $6.80 level and the parabolic curve, below which the price might test the 23.6% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high.
The next major support is at $6.25 or the 50% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high. If there is a downside break and a close below the $6.25 level, the price might accelerate lower. In the stated case, the price could retest the $6.00 support zone.
Technical Indicators
Hourly MACD – The MACD for TON/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for TON/USD is now above the 70 level.
Major Support Levels – $6.80 and $6.60.
Major Resistance Levels – $6.90 and $7.00.
where can i buy cheap clomid order generic clomid online cost of cheap clomid for sale clomid without dr prescription order clomiphene prices clomid price walmart can you buy cheap clomiphene pills
The depth in this piece is exceptional.
I’ll certainly return to skim more.
buy zithromax 500mg pills – buy tindamax 300mg pills buy generic metronidazole 400mg
buy semaglutide without prescription – rybelsus generic cyproheptadine 4 mg pill
buy motilium generic – sumycin 250mg tablet purchase cyclobenzaprine generic
clavulanate oral – atbioinfo buy acillin pills for sale
esomeprazole 40mg brand – https://anexamate.com/ nexium 20mg drug
buy generic medex – coumamide how to get hyzaar without a prescription
buy mobic tablets – relieve pain buy meloxicam medication
prednisone 5mg price – https://apreplson.com/ buy prednisone 20mg pill
amoxicillin oral – https://combamoxi.com/ amoxicillin ca
fluconazole 200mg without prescription – click forcan oral
order cenforce online cheap – https://cenforcers.com/# cenforce online order
order cialis no prescription – https://ciltadgn.com/ cialis price walmart
sildalis sildenafil tadalafil – https://strongtadafl.com/ cialis patent expiration 2016
buy ranitidine 150mg pills – ranitidine online ranitidine 300mg pills
This is the kind of criticism I rightly appreciate. https://buyfastonl.com/amoxicillin.html
More posts like this would make the blogosphere more useful. https://ursxdol.com/get-cialis-professional/
More posts like this would create the online time more useful. https://prohnrg.com/product/cytotec-online/
With thanks. Loads of knowledge! https://aranitidine.com/fr/viagra-100mg-prix/
Greetings! Jolly gainful suggestion within this article! It’s the little changes which choice obtain the largest changes. Thanks a portion quest of sharing! https://ondactone.com/simvastatin/
I’ll certainly bring to review more.
buy tamsulosin online
More content pieces like this would create the web better. https://myvisualdatabase.com/forum/profile.php?id=118017
buy generic dapagliflozin 10mg – on this site dapagliflozin 10mg for sale
buy xenical cheap – buy generic xenical for sale orlistat 120mg sale
This is the amicable of topic I have reading. https://sportavesti.ru/forums/users/izfna-2/