Read U.TODAY on
Google News
According to CoinStats, the prices of most coins continue to fall.
TND/USD
The price of Toncoin (TON) has increased by 0.62% since yesterday.
On the hourly chart, TON price might have found a local resistance at $7.651. If the daily bar closes well below this level, the bears could come back into play, which could result in a drop to the $7.50 zone.
On the daily time frame, neither side dominates. The price is in the middle of a wide channel, which means that the probability of sharp moves soon is low.
In this case, continued sideways trading in the $7.4-$7.8 zone for the next few days is the more likely scenario.
A similar picture can be seen on the weekly chart. Volume remains low, confirming the lack of buyer and seller energy. All in all, traders could see a consolidation between $7 and $8 in the coming week.
At press time, TON is trading at $7,612.
About the author
Denys Serhiychuk
