Toncoin (TON) Price Prediction for October 24

Some coins are trying to come back to the green zone, according to CoinMarketCap.

TON/USD

The rate of Toncoin (TON) has declined by 0.4% over the last 24 hours.

On the hourly chart, the price of TON is rising, however, one should pay attention to the daily bar closure. If it happens near the local resistance, one can expect a level breakout, followed by a move to the $5.24 zone.

On the bigger time frame, the picture is less clear. The rate is trading within yesterday’s bar, which means neither bulls nor bears have seized the initiative yet. In this case, ongoing sideways trading in the area of $5.10-$5.30 is the more likely scenario.

From the midterm point of view, the situation is similar. The price of TON is far from key levels. In this regard, one should focus on the interim zone of $5.

If it breaks out, the accumulated energy might be enough for a dump to the $4.80 range.

TON is trading at $5.158 at press time.

Source