Wednesday has started bullish for the market; however, bears have seized the initiative, according to CoinStats.Top coins by CoinStatsTON/USDThe price of
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Toncoin (TON) Price Prediction for March 26
Wednesday has started bullish for the market; however, bears have seized the initiative, according to CoinStats.
Top coins by CoinStatsTON/USD
The price of Toncoin (TON) has fallen by 2.01% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of TON is breaking the local support of $3.585. If the daily bar closes below that mark, one can expect a test of the $3.50 zone soon.
Image by TradingView
On the bigger time frame, the picture is also bearish. Traders should focus on the support level of $3.523.
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If the candle closes below that mark, the accumulated energy might be enough for a test of the $3.20-$3.30 zone.
Image by TradingView
From the midterm point of view, the price of TON is falling after a false breakout of the resistance of $3.903. If the situation does not change, traders may witness a test of the $3 zone soon.
TON is trading at $3.549 at press time.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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