According to CoinMarketCap, buyers failed to maintain the growth.
TON/USD USA
The Toncoin (TON) rate increased by 0.26% over the past day.
Despite today’s slight increase, the price of TON does not look bullish on the hourly chart. If bearish pressure continues and the candle closes near local support, we can expect a continued fall towards the $5.40 zone.
On a larger timeframe, neither side dominates, since the rate is far from the main levels. In this case, traders are unlikely to expect sharp movements in the near future.
Overall, the more likely scenario is continued sideways trading in the $5.40-$5.80 range.
From a medium-term perspective, it is too early to make any long-term forecasts. If buyers want to seize the initiative, they need to return the rate to at least $6.
At the time of publication, TON is trading at $5,496.
