Toncoin (TON) has dropped by 3% since yesterday

Hello everyone,

This week has been quite bearish for most cryptocurrencies, according to CoinStats. The price of Toncoin (TON) has dropped by 3% since yesterday. Looking at the hourly chart, one should pay attention to the local level of $7.45.

If buyers fail to seize the initiative by the end of the day, the decline might continue to the vital area of $7 tomorrow. On the daily time frame, the candle is about to close in the red zone, which means bulls have not accumulated enough energy to grow. There is a chance of a further decline to the support level of $6.72 within the next few days.

Overall, consolidation around the $7 zone is the more likely scenario.

Interested in learning more about Toncoin and other cryptocurrencies? Stay tuned as we bring you the latest updates from the world of digital assets. And remember, always conduct your own research before making any investment decisions.

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