CandleFocus Toncoin (TON) Price Prediction for October 12
2024-10-12
Author: Content Editor
According to CoinStats, bulls are currently in control of the market. The price of Toncoin (TON) has increased by 1.13% in the past day. The hourly chart suggests that the rate of TON is looking bullish, and if the daily bar closes near or above the resistance of $5.302, there may be a test of the $5.40 range tomorrow. On a bigger time frame, the price of TON is rising after yesterday's bullish closure, and 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. From a midterm perspective, attention should be paid to the weekly candle closure in relation to the previous bar low. If it occurs far from $5.137, bulls may take the initiative, leading to a bounce back to the $5.40 range. Currently, TON is trading at $5.280.
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