As a seasoned researcher with extensive experience in the cryptocurrency market, I have witnessed countless trends and price movements throughout my career. Based on the latest data from CoinStats and my analysis of the Toncoin (TON) chart, it seems that bulls are currently holding the upper hand. The 1% increase in TON’s rate since yesterday is a clear indication of this trend.
Bulls are again more powerful than bears, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has gone up by 1% since yesterday.
On the hourly chart, the cost of TON is attempting to break through the nearby resistance level of $6.982. Should the daily bar finish in its vicinity, the uptrend could potentially carry on towards $7 and beyond.
On the bigger time frame, neither buyers nor sellers are dominating.
If the current situation persists through the end of the day, it’s likely that the stock will continue to trade within the range of $6.8 to $7 until the end of the week.
If the weekly chart presents a less favorable image and the candle concludes close to or beneath the $6.852 mark, investors might anticipate a potential price drop towards the $6 level.
TON is trading at $6.95 at press time.
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2024-07-24 18:53