The rates of the majority of the coins keep falling, according to CoinStats.
TON chart by CoinStatsTON/USD
The price of Toncoin (TON) has increased by 0.62% since yesterday.
Image by TradingView
On the hourly chart, the rate of TON might have found a local resistance level of $7.651. If the daily bar closes far from this mark, bears may get back in the game, which might lead to a drop to the $7.50 zone.
Image by TradingView
On the daily time frame, none of the sides is dominating. The price is in the middle of a wide channel, which means there are low chances of sharp moves soon.
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In this case, ongoing sideways trading in the zone of $7.4-$7.8 is the more likely scenario for the next few days.
Image by TradingView
A similar picture can be seen on the weekly chart. The volume remains low, confirming the absence of buyers' and sellers' energy. All in all, traders may witness consolidation between $7 and $8 for the upcoming week.
TON is trading at $7.612 at press time.