Toncoin (TON) has seen significant gains, rising by 17% in today’s market. However, its hourly chart indicates a bearish outlook.
The current price of TON is $3.413 at press time. Despite the short-term increase, experts warn that if the local support breaks down, it may lead to a decline towards the $3.350 zone by tomorrow.
Looking at the bigger picture, bulls have struggled to maintain their momentum after yesterday’s positive close. If the price closes far from the $3.626 level, sellers may take control, potentially leading to a correction to the $3.20 zone.
The weekly chart suggests a neutral trend, with neither bulls nor bears dominating. A sideways trading range between $3.20-$3.80 is more likely by the end of the month if the current price holds.
Source: https://u.today/toncoin-ton-price-prediction-for-march-16