Toncoin (TON) Prediction for August 14

Sellers remain more powerful than buyers, according to CoinStats.

TON/USD

The rate of Toncoin (TON) has rocketed by almost 10% since yesterday.

On the hourly chart, the price of TON might have set a local resistance level of $7.262.

If the daily bar closes far from it, bears may seize the initiative, which might lead to a drop to the $6.60 area shortly.

On the bigger time frame, one should pay attention to the daily candle closure in terms of the $7 mark. If it breaks out, the rise might continue to the $7.30 range.

From the midterm point of view, the rate of TON is in the middle of a wide channel. If the picture remains the same until the end of the week, sideways trading around the $7 area is likely to continue.

TON is trading at $6.911 at press time.

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