The rise of some coins continues, according to CoinStats.
TON chart by CoinStatsTON/USD
The price of Toncoin (TON) has fallen by 0.82% over the last day.
Image by TradingView
On the hourly chart, the rate of TON is coming back to the local support level of $7.33. If buyers cannot seize the initiative by the end of the day, we can expect a breakout, followed by a move to the $7.25 area.
Image by TradingView
Bulls have failed to keep the rise after the bullish closure. If the bar closes below yesterday's candle's low, the correction may continue to the $7 range shortly.
Image by TradingView
From the midterm point of view, the rate of TON has failed to fix above the $7.50 range.
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However, if buyers seize the initiative and the weekly bar closes above the previous candle's high, traders may witness a test of the $8 range.
TON is trading at $7.35 at press time.
