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Toncoin price faces positive outlook - Analysis - 01-08-2025
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Toncoin price faces positive outlook - Analysis - 01-08-2025
Aug 1, 2025 8:48 AM

Toncoin (TONUSD) rose in its recent intraday trading, supported by continued movement above the 50-day simple moving average, which acts as dynamic support helping to stabilize the short-term upward trend. The price continues to trade along a supportive ascending trendline. Additionally, a bullish crossover is beginning to appear in the Stochastic, after the asset successfully relieved previous overbought conditions, giving it more room to extend its gains.

Therefore, we expect the price to rise in upcoming intraday sessions, as long as support at $3.2640 holds, targeting the key resistance level at $3.6858 in preparation to challenge it.

Todays price forecast: Bullish.

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