As a seasoned crypto investor with a knack for spotting trends and a penchant for TON, I find myself intrigued by this latest surge. Having navigated through multiple market cycles, I can tell you that the hourly chart’s bullish trend is a promising sign. However, my experience has taught me to be cautious – after all, even a bull runs into bears occasionally!
Buyers have seized the initiative again at the end of the week, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has risen by 2.41% over the last 24 hours.
On the hourly chart, the value of TON appears to be exhibiting a bullish trend, with its movement returning towards the nearby resistance level of approximately $4.975.
Should purchasers manage to maintain control over the emerging advantage, there’s a strong possibility we’ll witness a price surge, potentially reaching the $5 mark and beyond.
On the larger time scale, there appears to be an optimistic outlook. If today’s closing price is close to $4.962, it could indicate that there’s sufficient momentum to potentially reach the $5.10 range by the end of this week.
As a crypto investor, I’m noticing a less optimistic trend on the weekly chart. If the price holds around current levels, it seems that The Gram (TON) might require more time to build up momentum for a potential rise. In this situation, it appears we might be looking at a period of sideways trading within the range of $4.80 to $5.20.
TON is trading at $4.956 at press time.
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2024-11-08 18:08