Toncoins currency price (TONUSD) edged higher in latest intraday trading, amid the dominance of the downward short-term trend, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.

Therefore we expect the price to decline and target the pivotal support of $2.7803, provided the resistance of $3.0472 holds on.

Todays price forecast: Bearish