The price of Toncoin (TON) has risen by 3.64% over the last 24 hours, currently aiming for the local resistance level of $3.612.
Current Toncoin Rate
At the time of writing, Toncoin is trading at $3.582, marking a rise of 3.64% from the previous day. The price is approaching a local resistance level of $3.612, which could trigger a test of the $3.70 area upon a successful breakout.
Daily Timeframe Analysis
On the daily chart, the situation remains neutral: the Toncoin rate is far from key levels, signaling a lack of energy from both buyers and sellers. Sideways trading in the range of $3.50-$3.70 is seen as the more likely scenario.
Midterm Forecast
From a midterm perspective, neither sellers nor buyers are showing dominance in the market. If the weekly bar closes around current prices, traders are unlikely to witness any sharp moves soon.
Under current market uncertainty, Toncoin may continue to trade within the established range without significant changes in the near future.
