According to CoinMarketCap, the Toncoin (TON) rate has increased by 0.26% over the last 24 hours. However, the current trend does not appear to be stable, and further growth is questionable.
Current Data on Toncoin
At the time of publication, Toncoin (TON) is trading at $5.496, which is 0.26% higher compared to the previous day.
Short-term Outlook for TON
Despite today's slight increase, the hourly chart of Toncoin does not look bullish. If bears' pressure continues and the candle closes near the local support, one can expect a fall to the $5.40 zone.
Mid-term Outlook for TON
On larger time frames, neither side is dominating, as the rate is far from key levels. In this case, sharp moves are unlikely in the near future. Ongoing sideways trading in the range of $5.40-$5.80 is the more likely scenario. For buyers to regain initiative, they need to restore the rate to at least the $6 area.
Currently, Toncoin is trading at $5.496. It is too early to make long-term predictions. Future rate movements will depend on the actions of sellers and buyers in the near term.
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