Toncoin (TONUSD) price declined in its latest intraday trading, with the short-term corrective bearish trend remaining in control while trading along a supporting downward slope line. Negative pressure also continues from trading below its 50-day SMA, in addition to the beginning of a negative crossover in the Stochastic indicators, after the price managed to unwind its prior oversold levels in previous trading, giving it more room to record further losses.

Therefore, we expect the currency to decline in its upcoming intraday trading, as long as it remains stable below 3.2018, to then target the key support level of 3.0218.

Todays price forecast: Bearish.