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Bears are controlling the situation on the market today, according to CoinStats.
TON/USD
Toncoin (TON) is not an exception to the rule, falling by 4.83%.
On the hourly time frame, the situation is rather more bearish than bullish. If nothing changes by the end of the day, one can expect a test of the local support of $3.604 by tomorrow.
On the daily chart, the price of TON is testing the local support of $3.599.
Denys SerhiichukIf it breaks out, the accumulated energy might be enough for a move to the vital zone of $3.
From the midterm point of view, the rate of TON is far from main levels. In this case, one should focus on the previous bar's low. If the weekly candle closes below $3.599, traders may expect a test of the $3 range by the end of the month.
TON is trading at $3.647 at press time.
Dan Burgin
Vladislav Sopov