Toncoin (TON) Price Prediction for October 27

Buyers are back in the game at the end of the week, according to CoinStats.

TON/USD

The price of Toncoin (TON) has increased by 2.13% over the last 24 hours.

On the hourly chart, the rate of TON is going up after a false breakout of the local support of $4.909. If buyers can hold the gained initiative, the growth may continue to the $5 area.

On the daily time frame, the price of TON is trading within yesterday’s bar. In this regard, neither side is dominating.

All in all, an ongoing consolidation in the narrow range of $4.9-$5.1 is the more likely scenario for the next few days.

On the weekly chart, the rate of the altcoin has once again bounced off the support of $4.601. However, the accumulated energy is not enough for midterm growth. If bulls want to be back in the game, they need to restore the price to the $5.4 mark.

TON is trading at $4.94 at press time.

Source