Toncoin reversed from support zone
- Likely to rise to resistance level 1.6720
Toncoin cryptocurrency recently reversed up from the support zone between the key support level 1.4350 (lower border of the narrow sideways price range inside which the price has been trading from November).
This support level was strengthened by the intersecting lower daily Bollinger Band.
Given the strength of the support level 1.4350, Toncoin cryptocurrency can be expected to rise further to the next round resistance level 1.6720 (upper border of the active sideways price range).
- Likely to rise to resistance level 1.6720
Toncoin cryptocurrency recently reversed up from the support zone between the key support level 1.4350 (lower border of the narrow sideways price range inside which the price has been trading from November).
This support level was strengthened by the intersecting lower daily Bollinger Band.
Given the strength of the support level 1.4350, Toncoin cryptocurrency can be expected to rise further to the next round resistance level 1.6720 (upper border of the active sideways price range).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.