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Bears are giving no chances to bulls, according to CoinMarketCap.
TON/USD
The rate of Toncoin (TON) has declined by 9.45% over the last day.
On the hourly chart, the price of TON might have set a local resistance at $3.076. If the daily bar closes around that mark or above it, growth is likely to continue to the $3.20 area soon.
On the bigger time frame, the rate of TON has made a false breakout of the support of $2.910.
Denys SerhiichukIf the candle closes with a long wick, traders may witness a bounce off to the $3.10-$3.20 range by the end of the week.
From the midterm point of view, one should focus on the bar's closure in terms of the $2.910 level. If it happens near it and with no long wick, the accumulated energy might be enough for a dump to the $2.50 range.
Toncoin is trading at $3.070 at press time.
Dan Burgin
Vladislav Sopov