According to CoinStats, the market continues to move upward.
TON/USD USA
Toncoin (TON) price has increased by 3.59% in the last 24 hours.
On the hourly chart, the TON rate is in the middle of the local channel, between support at $5.578 and resistance at $5.820.
Since most of the daily ATR has already passed, the likelihood of sudden movements is low.
On a larger timeframe, the situation has not changed much. The price continues to trade sideways as neither side has yet seized the initiative. In this case, the more likely scenario is continued consolidation in the $5.60-$5.90 area.
From a medium-term perspective, traders should focus on the closing of the weekly candle. If this happens near the peak, the rally could soon lead to a test of the $6 area.
At the time of publication, TON is trading at $5,697.
