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The cryptocurrency market remains bullish today, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has gone up by 2.71% over the last 24 hours.
On the hourly chart, the price of TON is falling after setting a local resistance of $3.711. If the decline continues, the correction may lead to a test of the support of $3.551 by the end of the week.
On the daily time frame, the picture is bearish as the rate is near the local support of $3.497. If a breakout happens, traders may witness a test of the $3.40 range shortly.
From the midterm point of view, there are no reversal signals yet.
Denys SerhiichukIf the weekly bar closes below the previous candle low, one can expect a drop to the $3 area by the end of the month.
TON is trading at $3.588 at press time.
Dan Burgin
Vladislav Sopov