According to CoinStats, buyers have taken control again in the cryptocurrency market. The price of Toncoin (TON) has increased by 2.41% over the past 24 hours. On the hourly chart, TON is showing a bullish trend as it approaches the local resistance level of $4.975. If buyers can maintain their momentum, there may be a breakout to the $5 area and beyond. The bigger time frame also shows a bullish picture, with a potential test of the $5.10 range this week. However, the weekly chart suggests a less positive scenario, with the possibility of more time needed for TON to gather energy for a further move. In this case, sideways trading in the range of $4.80-$5.20 is expected. At the time of writing, TON is trading at $4.956.



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