CandleFocus Toncoin (TON) Price Prediction for October 16
2024-10-16
Author: Content Editor
The rate of Toncoin (TON) has increased by 1.65% over the past 24 hours. On the hourly chart, there is a local resistance level of $5.30, and if the daily bar closes far from it, a correction to the $5.20 range can be expected. On the bigger time frame, the rate is in the middle of the channel, indicating ongoing consolidation in the zone of $5.150-$5.350. The volume is low, confirming the lack of buyers and sellers' energy, but if the vital zone of $5 is broken, there is a possibility of a test of the support at $4.60. Currently, TON is trading at $5.262.
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