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Bulls are stronger than bears at the beginning of the weekend, however, there are some exceptions, according to CoinStats.
tons/US dollar
Toncoin (TON) price has increased by 1.09% since yesterday.
On the hourly chart, TON price is closer to resistance than support. If a breakout occurs to the upper level, the accumulated energy could be enough for a breakout to the $5.88 range.
On the larger time frame, traders should focus on the nearest level of $5.873. If the bull pressure continues and the price reaches that mark, the growth could lead to a test of the $6 area soon.
On the weekly chart, sideways trading is the most likely scenario until mid-January. Volatility continues to decline, which means that neither side has enough strength to make a sharp move.
Related to
Overall, traders may see consolidation in the $5.4 to $6 range over the next few weeks.
TON is trading at $5,744 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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