As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I’ve seen my fair share of market swings and trends. Today, it seems that the bulls are firmly in control, at least when it comes to Toncoin (TON).
Bulls are controlling the situation on the market today, according to CoinStats.
TON/USD
The price of Toncoin (TON) has increased by 1.13% over the last day.
Even though TON has been expanding today, its hourly chart suggests a positive trend, which could potentially push it towards the $5.40 range if the day’s closing price is near or above $5.302.
Over a larger time period, the cost of the altcoin has increased following yesterday’s bullish close. Should conditions remain unaltered until the end of today, this upward trend seems poised to persist and reach approximately $5.40 within the coming days.
Looking at the midpoint of the week, it’s crucial to focus on how the weekly candlestick closes in relation to its preceding low.
If the event occurs significantly below $5.137, there’s potential for the bulls to take control temporarily, possibly causing the price to rebound towards the $5.40 zone.
TON is trading at $5.280 at press time.
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2024-10-12 19:00