Toncoin (TON) Price Prediction for February 24
02/24/2025 22:55
Can rate of Toncoin (TON) bounce off soon?
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Most of the coins keep setting new local lows, according to CoinStats.
TON/USD
The price of Toncoin (TON) has dropped by 5.81% over the last day.
On the hourly chart, the rate of TON is falling after the breakout of the local support of $3.641. If the daily bar closes far from that mark, the decline is likely to continue to the $3.50 area.
A bearish picture is also visible on the longer time frame. If the the breakout of the interim level of $3.497 happens, one can expect a test of the important zone of $3 within the next few days.
From the midterm point of view, traders should pay attention to the candle's closure in terms of the $3.599 level.
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If the bar closes below it and with no long wick, the correction may continue.
TON is trading at $3.564 at press time.