As a seasoned analyst with years of experience navigating the volatile and often unpredictable cryptocurrency market, I have learned to always tread cautiously when making predictions. However, based on the current trend and technical analysis presented by CoinStats, it appears that sellers may hold the upper hand in the TON/USD pair for the short term.
Sellers remain more powerful than buyers, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has rocketed by almost 10% since yesterday.
On the hourly chart, the price of TON might have set a local resistance level of $7.262.
If the closing price for the day strays quite a bit from its current level, bulls could potentially lose control, possibly causing a swift decline towards the $6.60 region in the near future.
Over a longer period, it’s crucial to observe the closing of daily candles near the $7 level. If this level is breached, the price increase could potentially extend up to around $7.30.
Looking at the mid-term perspective, the speed of TON seems to be moving within a broad range. If this pattern persists until the end of the week, it’s probable that the price will fluctuate around the $7 mark without significant movement in either direction.
TON is trading at $6.911 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD PHP PREDICTION
- BICO PREDICTION. BICO cryptocurrency
- USD ZAR PREDICTION
- USD COP PREDICTION
- USD CLP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- MOVR PREDICTION. MOVR cryptocurrency
2024-08-14 20:05