According to CoinStats, the cryptocurrency market is currently experiencing a bullish trend. The rate of Toncoin (TON) has increased by 2.71% over the last 24 hours. However, on the hourly chart, the price of TON is falling after reaching a local resistance level of $3.711. If the decline continues, there may be a correction towards the support level of $3.551 by the end of the week. On the daily time frame, the rate is near a local support level of $3.497, indicating a bearish trend. If a breakout occurs, traders may witness a test of the $3.40 range in the near future. In the medium term, there are currently no reversal signals. If the weekly bar closes below the previous candle's low, there may be a drop to the $3 area by the end of the month. At present, TON is trading at $3.588.



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