Toncoin Price Analysis: Will TONCOIN maintain above $1.44


  • The EMA(50) is currently at $1.66.
  • Toncoin has a medium term resistance at $1.65.
  • 24-hour trading volume for Toncoin is hovering at $8,774,864.00.
  • TONCOIN down approximately -7.4% within the last 24 hours.

20 April 2024 : In this article we will walk you through Toncoin price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Toncoin, Is TONCOIN a good investment? Toncoin support & resistance levels etc. But before diving deep into the TONCOIN technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,322,232,084,548. The total trading volume stands at $73,866,918,602. Bitcoin shares 54.04 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $63,751.74 level after a decline of -2.02%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -2.13 percent reaching to $3,050.81 during the previous 24 hours.
While publishing this blog, BNB traded at $556.01, following a price change of -1.09%within the same time frame. SOL the native coin of Solana is down by -2.78 and currently trading at $141.68. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Toncoin Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Toncoin (TONCOIN)

TONCOIN Resistance Levels TONCOIN Support Levels
Resistance Level 1 $1.58 Support Level 1 $1.44
Resistance Level 2 $1.65 Support Level 2 $1.37
Resistance Level 3 $1.71 Support Level 3 $1.31

Toncoin Performance

The price of Toncoin (TONCOIN) is at $2.22, down -7.4% in the past 24-hours and has a price change of -8.95% over the week. One day trading volume for BTC is 8,774,864.00 USD while total marketcap reached $2,708,675,968.00 USD. There are almost 1,221,401,181 are in circulation out of 5047558528.

Toncoin Price Analysis

TONCOIN price analysis for 20 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Toncoin.

Moving Averages Price Indicator
Simple Moving Average (10) 1.53 Buy
Exponential Moving Average (10) 1.54 Buy
Simple Moving Average (20) 1.55 Buy
Exponential Moving Average (20) 1.55 Buy
Simple Moving Average (50) 1.66 Buy
Exponential Moving Average (50) 1.66 Buy

The TONCOIN/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. While TONCOIN’s Williams %R indicator is at -60 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The Relative strength index (RSI) for TONCOIN Coin is currently hovering at 48 for 14-days average line, which means TONCOIN is in consolidation zone right now.

Conclusions

There had been a negative trend for some time and it seems that the coin's recuperation will continue as long as it remains in the reddish area. You should only acquire crypto right now if you're prepared to hold it through the ups and downs of the crypto market.