The decline has not lasted long, as most of the coins are in the green area, according to CoinMarketCap. Advertisement Top coins by CoinMarketCapTON/USDThe price of Toncoin (TON) has risen by 4.95% over the past 24 hours.Image by TradingViewDespite today's rise, the rate of TON is trading near the local support of $7.22. If the bounce back does not happen by the end of the day, there is a chance to see a decline, followed by a move to $7.Image by TradingViewOn the bigger time frame, bears are also dominating over bulls. If the daily bar closes around current prices, the correction may continue to the $7 area until the end of the week.Image by TradingViewFrom the midterm point of view, the rate is in the middle of a wide channel, which means none of the sides has seized the initiative yet. Related Mon, 06/03/2024 - 15:33 BTC, ETH and XRP Price Prediction for June 3 Denys Serhiichuk Thus, the volume has dropped, confirming the lack of buyers' and sellers' energy. All in all, sideways trading around $7 is the more likely scenario.TON is trading at $7.2527 at press time.

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