Toncoin

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Bears have seized the initiative again, according to <a href="https://u.today/solana-sol-price-prediction-for-june-18" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="cb1bd7ee-eb4c-4e4e-9372-4b52ecf1e885" src="https://u.today/sites/default/files/inline-images/top10_1187.png">TON chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ton-usd">TON/USD</h2>
The price of Toncoin (TON) has dropped by 11.46% over the last day. <img data-entity-type="file" data-entity-uuid="3a7d48f3-b3f7-4c93-be9b-fe7777767f0c" src="https://u.today/sites/default/files/inline-images/ton1_1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's sharp drop, the rate of TON is looking bearish on the hourly chart. If the daily bar closes around the current prices, the decline may continue to the $6.80 zone tomorrow. <img data-entity-type="file" data-entity-uuid="68419335-4ef0-47b4-acda-d89537006560" src="https://u.today/sites/default/files/inline-images/tno2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of TON has reached the middle of the wide channel. At the moment, traders should focus on the vital area of $7.&nbsp;
If its breakout happens, one can expect a test of $6.50 within the next few days. <img data-entity-type="file" data-entity-uuid="005d518d-d5c3-4181-8c68-75d0fdff0b1c" src="https://u.today/sites/default/files/inline-images/ton3_2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, bears are trying to seize the initiative. If the weekly bar closes with no long wick, the correction may continue to the $6-$6.50 area shortly.
TON is trading at $7.0418 at press time.

Toncoin (TON) Price Prediction for June 18

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