As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I’ve seen my fair share of bull runs and bear markets. Today, looking at the price action of Toncoin (TON), I see a coin that’s holding steady amidst the ongoing market rally, according to CoinStats.
The upward move continues on the market, according to CoinStats.
TON/USD
The price of Toncoin (TON) has risen by 3.59% over the last 24 hours.
In the one-hour timeframe, the price of TON is situated around the midpoint of its current trading range, with support at approximately $5.578 and resistance at roughly $5.820.
As most of the daily ATR has been passed, there are low chances to expect any sharp moves.
Over a longer period, things haven’t significantly shifted. The price continues to fluctuate within bounds, with neither party gaining clear control. Given this situation, it seems probable that the price will continue to consolidate around the range of $5.60 to $5.90.
Looking from a mid-term perspective, traders ought to concentrate on the closing of the weekly candlestick. If the closing occurs close to its highest point, there could be a potential for growth that might cause a quick test of the $6 region.
TON is trading at $5.697 at press time.
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2024-09-25 19:02