The price of Toncoin (TON) has increased by 1.09% since yesterday, with bulls currently having more power than bears. The hourly chart suggests that if the price breaks through the resistance level, it could potentially reach $5.88. On a larger time frame, traders should focus on the $5.873 level, as reaching that mark could lead to further growth towards the $6 range. However, on the weekly chart, sideways trading is expected until mid-January, with both sides lacking enough strength for a significant move. Overall, traders may experience a consolidation between the $5.4 and $6 range in the coming weeks. At the time of writing, TON is trading at $5.744.



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