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.
card
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.
