14
Bears are controlling the situation on the market today, according to CoinStats.
$TON/USD
Toncoin ($TON) is not an exception to the rule, falling by 4.83%.
On the hourly time frame, the situation is rather more bearish than bullish. If nothing changes by the end of the day, one can expect a test of the local support of $3.604 by tomorrow.
On the daily chart, the price of $TON is testing the local support of $3.599.
If it breaks out, the accumulated energy might be enough for a move to the vital zone of $3.
From the midterm point of view, the rate of $TON is far from main levels. In this case, one should focus on the previous bar's low. If the weekly candle closes below $3.599, traders may expect a test of the $3 range by the end of the month.
$TON is trading at $3.647 at press time.
coindesk.com
1
newsbtc.com