U.Today - Sellers remain more powerful than buyers, according to CoinStats.
TON chart by CoinStats
TON/USD
The rate of Toncoin (TON) has rocketed by almost 10% since yesterday.
Image by TradingViewOn the hourly chart, the price of TON might have set a local resistance level of $7.262.
If the daily bar closes far from it, bears may seize the initiative, which might lead to a drop to the $6.60 area shortly.
Image by TradingViewOn the bigger time frame, one should pay attention to the daily candle closure in terms of the $7 mark. If it breaks out, the rise might continue to the $7.30 range.
Image by TradingViewFrom the midterm point of view, the rate of TON is in the middle of a wide channel. If the picture remains the same until the end of the week, sideways trading around the $7 area is likely to continue.
TON is trading at $6.911 at press time.
This content was originally published on U.Today
