Toncoins currency price (TONUSD) rose in latest intraday trading, amid the dominance of a short-term upward correctional trend and ongoing positive pressure from trading above the 50-period SMA. This latest rise came despite negative signals streaming from the Stochastic after reaching extremely overbought levels, indicating that the price has successfully vented off some of that saturation, giving it more room to climb.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $2.8921 holds on, targeting the pivotal resistance level of $3.0472.

Todays price forecast: Bullish