Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers have failed to keep the growth going, according to CoinMarketCap.
TON/USD
The rate of Toncoin (TON) has increased by 0.26% over the past day.
Despite today's slight rise, the price of TON is not looking bullish on the hourly chart. If bears' pressure continues and the candle closes near the local support, one can expect an ongoing fall to the $5.40 zone.
On the bigger time frame, none of the sides is dominating, as the rate is far from main levels. In this case, traders are unlikely to expect sharp moves soon.
Denys SerhiichukAll in all, ongoing sideways trading in the range of $5.40-$5.80 is the more likely scenario.
From the midterm point of view, it is too early to make any long-term predictions. If buyers want to seize the initiative, they need to restore the rate to at least the $6 area.
TON is trading at $5.496 at press time.
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov