TONCOIN: THE ULTIMATE RIDE TO NOWHERE (AGAIN)
Oh joy, the market is bullish today, mainly. But don’t get too excited, some coins are still in the red zone. Because, you know, misery loves company. ð
TON/USD: The Rollercoaster Ride Continues
Toncoin (TON) is one of the biggest gainers today, because who doesn’t love a good 17% rocket ride? ð
But wait, don’t get too comfortable, because the price of TON is looking bearish on the hourly chart. Like, really bearish. ðŧ If the breakout of the local support happens, the decline may lead to the test of the $3.350 zone by tomorrow. Joy.
On the bigger time frame, bulls have failed to keep rising after yesterday’s bullish closure. Because, you know, momentum is a myth. ðĪŠ If the bar closes far from the $3.626 level, sellers may seize the initiative, followed by a correction to the $3.20 zone. Because why not?
On the weekly chart, neither bulls nor bears are dominating. Because, you know, nobody really knows what’s going on. ðĪ If the bar closes around current prices, sideways trading in the area of $3.20-$3.80 is the more likely scenario by the end of the month. Yay, stability.
TON is trading at $3.413 at press time. Because, you know, that’s a thing.
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2025-03-16 15:30