Buyers are back in the game at the end of the week, according to CoinStats.
TON/USD
The price of Toncoin (TON) has increased by 2.13% over the last 24 hours.
On the hourly chart, the rate of TON is going up after a false breakout of the local support of $4.909. If buyers can hold the gained initiative, the growth may continue to the $5 area.
On the daily time frame, the price of TON is trading within yesterday's bar. In this regard, neither side is dominating.
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All in all, an ongoing consolidation in the narrow range of $4.9-$5.1 is the more likely scenario for the next few days.
On the weekly chart, the rate of the altcoin has once again bounced off the support of $4.601. However, the accumulated energy is not enough for midterm growth. If bulls want to be back in the game, they need to restore the price to the $5.4 mark.
TON is trading at $4.94 at press time.
