As an experienced analyst, I have seen numerous market trends and price movements throughout my career. Based on the current data provided by CoinStats and the analysis of Toncoin’s (TON) price chart, I believe we are in for a bearish end to the week.
The end of the week is bearish for most coins, according to CoinStats.
TON/USD
The price of Toncoin (TON) has dropped by 3% since yesterday.
As an hourly chart analyst, I would advise focusing on the current support level at $7.45. Should buyers lose their grip before the market closes today, the downward trend may persist and reach the crucial zone around $7 tomorrow.
In the daily chart’s context, the candlestick is on the verge of ending with a red close, implying that buyers haven’t yet gathered sufficient strength for a price rise.
Based on current market trends, there’s a possibility that the price could drop as low as $6.72 in the coming days.
As an analyst, I would interpret the market situation on the larger chart as follows: Neither buying nor selling forces are dominating the market at present. This observation aligns with the low trading volume we’re seeing. Consequently, a period of consolidation around the $7 price range appears to be the most probable outcome.
TON is trading at $7.284 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- USD PHP PREDICTION
- USD COP PREDICTION
- FISH PREDICTION. FISH cryptocurrency
- BOX PREDICTION. BOX cryptocurrency
- OPUL PREDICTION. OPUL cryptocurrency
2024-07-07 19:59