Toncoin (TONUSD) Price Forecast: May 18
Toncoin price is likely to jump up to the $8.00 level. The coin made a sudden move in the early hours of today, indicating buyers are making a recovery attempt. Based on the outlook, the rally has the potential to continue and will still go further if the current support at $6.49 holds. Thus, the crypto’s price may continue its upside moves to the $8.00 high level, provided buyers increase their actions in the market.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $4.50, $4.40, $4.30
TON (USD) Long-term Trend: Bullish (4H Chart)
Toncoin price has the target of jumping up to $8.00 level after updating the low dips on the long-term outlook. The coin price can be seen slightly above the EMA line indicating an uptrend.
The sustained bullish pressure at the $6.99 supply level in the previous action has enhanced the crypto’s price to remain above the supply levels in its recent high.
Today’s 4-hour pin bar candle at the $6.76 high level above the EMA-50 confirms the bulls’ dominance in the market. Based on the outlook, there is a possibility of the TONUSD price jumping up to $7.46 previous high level if the bulls’ buying intention on the crypto is increased.
Likewise, there are bullish signals above the level of $6.61 which indicates a possible further increase in the market value of the crypto.
Meanwhile, the Toncoin pair has a target price of jumping up to the level of $8.00 as indicated by the daily signal pointing up. The mentioned price level might be reached in no long time in its long-term perspective.
TON (USD) Medium-term Trend: Bearish (4H Chart)
Toncoin price having rebounded has the motive of jumping up to retest its previous supply level as we can see new correction in place below the supply level in its medium-term outlook. 
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few hours.
After a few minutes of opening the 1-hour chart, the bulls returned and triggered the momentum up to a 6.76 resistance value below the moving averages, as the traders and investors moved swiftly to book early entries. This will enable the pair to rise further.
Therefore, a break above the $7.46 previous high level would intensify the buying pressure on the crypto.
In addition, the TONUSD price has the target of jumping up to a level of $8.00 as implied by the stochastic oscillator which is pointing in an upward direction. As a result, the resulting rally may surpass the $6.46 level and hit the $8.00 psychological level at the upside in the days ahead in the medium-term time frame.
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