Bulls are again more powerful than bears, according to CoinStats.

TON chart by CoinStatsTON/USD

The rate of Toncoin (TON) has gone up by 1% since yesterday.

Image by TradingView

On the hourly chart, the price of TON is testing the local resistance of $6.982. If the daily bar closes near it, the rise may continue to $7 and above.

Image by TradingView

On the bigger time frame, neither buyers nor sellers are dominating. 

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If the situation does not change by the end of the day, ongoing sideways trading between $6.8 and $7 is the most likely scenario until the end of the week.

Image by TradingView

A less positive picture can be seen on the weekly chart. If the candle closes near the $6.852 level or even below it, traders may expect a further downward move to the $6 mark.

TON is trading at $6.95 at press time.