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The market is mainly bullish today, however, some coins remain in the red zone, according to CoinStats.
$TON/USD
Toncoin ($TON) is one of the biggest gainers today, rocketing by 17%.
Despite today's sharp rise, the price of $TON is looking bearish on the hourly chart. If the breakout of the local support happens, the decline may lead to the test of the $3.350 zone by tomorrow.
On the bigger time frame, bulls have failed to keep rising after yesterday's bullish closure.
If the bar closes far from the $3.626 level, sellers may seize the initiative, followed by a correction to the $3.20 zone.
On the weekly chart, neither bulls nor bears are dominating. If the bar closes around current prices, sideways trading in the area of $3.20-$3.80 is the more likely scenario by the end of the month.
$TON is trading at $3.413 at press time.
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