Buyers have once again failed to hold the bounce back, and all of the top 10 coins are in the red zone, according to CoinStats.

TON/USD

The rate of Toncoin (TON) has increased by 1.17% since yesterday.

Despite today’s rise, the price of TON is looking bearish on the hourly chart. If the candle closes below the $4.723 level, the fall is likely to continue tomorrow.

On the daily time frame, bears have seized the initiative after yesterday’s bullish closure.

If the fall continues, the accumulated energy might be enough for a support breakout, followed by a blast to the $4.20-$4.40 range.

From the midterm point of view, the rate of TON is trading near the vital level of $4.721. If the weekly candle closes near it, there is a possibility to see a more profound correction to the $4 area.

TON is trading at $4.756 at press time.