Toncoin Price Outlook: Pullback Buys Could Fuel Next Breakout
Toncoin continues to display resilience in its daily chart, maintaining an upward bias even as its price consolidates just below key resistance zones.
Over recent sessions, the token has shown stability, with balanced trading between buying interest and controlled profit-taking.
Toncoin Trend Outlook: Buyers Still in Control
The short-term trend remains bullish, with Toncoin trading comfortably above both the 9-day and 20-day EMAs. This positioning indicates that the market is sustaining upward momentum, and dips are still being met with renewed buying pressure—signaling strong underlying demand.
Daily chart for TON/USD (Source: GeckoTerminal)
Meanwhile, the MACD remains in positive territory, with its histogram above zero, suggesting continued buying momentum. The RSI, while approaching overbought territory, shows no immediate signs of reversal, indicating there is still room for price expansion before buyer exhaustion sets in.
Key Levels to Watch
If buying momentum builds, Toncoin could test immediate resistance at $3.702, with further targets at $3.767 and $3.846. A confirmed breakout above these levels could attract more momentum traders and extend the rally.
On the downside, immediate support is found near $3.12, followed by $3.032 and $2.969. A breakdown below these levels would weaken the bullish outlook and potentially shift sentiment in favor of sellers.
Potential Trade Setups
Long entries could be considered on pullbacks toward the $3.12–$3.20 zone, with upside targets at $3.767 and above. Short setups may only become appealing if the Toncoin price breaks decisively below $3.12, with potential profit targets around $3.03 or $2.97. Regardless of bias, traders should apply strict risk management given current volatility.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
