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 seized the initiative again at the end of the week, according to CoinStats.
TON/USD
The rate of Toncoin (TON) has risen by 2.41% over the last 24 hours.
On the hourly chart, the price of TON is looking bullish as it is coming back to the local resistance of $4.975.
Related
If buyers can hold the gained initiative, one can expect a level breakout, followed by a move to the $5 area and above.
A bullish picture can also be seen on the bigger time frame. If the daily bar closes near $4.962, the accumulated energy might be enough for a test of the $5.10 range this week.
A less positive situation can be seen on the weekly chart. Even if the candle closes around the current prices, the rate of TON might need more time to accumulate energy for a further move. In this case, sideways trading in the zone of $4.80-$5.20 is the most likely scenario.
TON is trading at $4.956 at press time.
