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Despite bears' pressure, buyers are not going to give up so easily, according to CoinStats.
TON/USD
Toncoin (TON) is one of the biggest gainers today, rising by 6.19% over the last 24 hours.
On the hourly chart, the price of TON has broken the local support of $3.965. If the daily bar closes above that mark, the upward move is likely to continue to the $4.10 zone tomorrow.
On the daily time frame, bulls keep controlling the initiative. If the candle closes above the vital zone of $4, the accumulated energy might be enough for a test of the resistance of $4.116.
Denys SerhiichukSuch a scenario is relevant until the end of the week.
A similar picture can be seen on the weekly chart. If the breakout of the resistance happens, traders may witness a price blast to the $4.50 zone.
TON is trading at $4 at press time.
Vladislav Sopov
Dan Burgin