![Toncoin (TON) Price Prediction for July 16](https://u.today/sites/default/files/styles/736x/public/2024-07/50387.jpg)
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The rise of some coins continues, according to CoinStats.
![Article image](/sites/default/files/inline-images/top10_1239.png)
TON/USD
The price of Toncoin (TON) has fallen by 0.82% over the last day.
![Article image](/sites/default/files/inline-images/ton1_3.png)
On the hourly chart, the rate of TON is coming back to the local support level of $7.33. If buyers cannot seize the initiative by the end of the day, we can expect a breakout, followed by a move to the $7.25 area.
![Article image](/sites/default/files/inline-images/ton2_4.png)
Bulls have failed to keep the rise after the bullish closure. If the bar closes below yesterday's candle's low, the correction may continue to the $7 range shortly.
![Article image](/sites/default/files/inline-images/ton3_5.png)
From the midterm point of view, the rate of TON has failed to fix above the $7.50 range.
However, if buyers seize the initiative and the weekly bar closes above the previous candle's high, traders may witness a test of the $8 range.
TON is trading at $7.35 at press time.