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Buyers are again more powerful than sellers, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has risen by 1.65% over the past 24 hours.
On the hourly chart, the price of TON might have found a local resistance level of $5.30. If the daily bar closes far from it, one can expect a correction to the $5.20 range.
On the bigger time frame, the situation is neutral, as none of the sides is dominating. The rate is in the middle of the channel, which means ongoing consolidation in the zone of $5.150-$5.350 is the more likely scenario over the next few days.
From the midterm point of view, the picture is quite similar. Thus, the volume is low, confirming the lack of buyers and sellers' energy.
Denys SerhiichukHowever, if the breakout of the vital zone of $5 happens, there is a chance to see a test of the support of $4.60 soon.
TON is trading at $5.262 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin