Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls are again more powerful than bears, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has gone up by 1% since yesterday.
On the hourly chart, the price of TON is testing the local resistance of $6.982. If the daily bar closes near it, the rise may continue to $7 and above.
On the bigger time frame, neither buyers nor sellers are dominating.
Denys SerhiichukIf the situation does not change by the end of the day, ongoing sideways trading between $6.8 and $7 is the most likely scenario until the end of the week.
A less positive picture can be seen on the weekly chart. If the candle closes near the $6.852 level or even below it, traders may expect a further downward move to the $6 mark.
TON is trading at $6.95 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Vladislav Sopov
Dan Burgin