Bulls are dominating the market today, reflected in the growth of Toncoin's price. The TON price has increased by 1.13% over the last day.

Current TON Price Dynamics

The price of Toncoin (TON) shows an increase of 1.13%. Despite reaching this mark, the TON rate is maintaining a bullish trend on the hourly chart. If the daily candle closes near the resistance level of $5.302 or above, it may stimulate a test of the $5.40 range the next day.

Toncoin Technical Analysis

On a larger time frame, the price of the altcoin is rising after yesterday’s bullish closure. If nothing changes by the end of the day, the upward move is likely to continue to the interim zone of $5.40 within the next few days.

Toncoin Midterm Prospects

From a midterm point of view, it is important to pay attention to the weekly candle closure relative to the low of the previous bar. If this happens far from the $5.137 level, bulls could locally seize the initiative, leading to a bounce back to the $5.40 range.

Toncoin is trading at $5.280 at press time. Further dynamics will depend on the bulls' ability to hold current positions and break through the resistance level.