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The market is back to red at the end of the week, according to CoinStats.
$TON/USD
Unlike other coins, the rate of Toncoin ($TON) has rocketed by 9% since yesterday.
Despite today's rise, the price of $TON keeps looking bullish on the hourly chart. If the breakout of the local resistance happens, growth is likely to continue to the $4 mark tomorrow.
On the bigger time frame, one should focus on the daily candle's closure in terms of the $3.914 level.
If it happens around it and with no long wick, the accumulated energy might be enough for a continued upward move to the $4-$4.10 zone.
From the midterm point of view, the price of $TON is breaking the $3.903 level. If the bar closes above it, traders may witness ongoing growth to the $4.40-$4.60 area.
$TON is trading at $3.90 at press time.
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