The price of Toncoin (TON) has increased by 3.59% in the last 24 hours. On the hourly chart, TON is currently trading between the support level of $5.578 and the resistance level of $5.820. There are low chances of any sharp moves due to most of the daily ATR being passed. On the bigger time frame, the price is still trading sideways with no initiative from either side. It is likely that consolidation will continue in the $5.60-$5.90 range. From a midterm perspective, traders should pay attention to the weekly candle's closure. If it closes near its peak, there may be further growth with a potential test of the $6 area. Currently, TON is trading at $5.697.



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