Toncoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The end of the week is bearish for most coins, according to <a href="https://u.today/doge-and-shib-price-prediction-for-july-6" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="553df47e-13dc-4a6b-a085-ac07df420830" src="https://u.today/sites/default/files/inline-images/top10_1221.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 3% since yesterday. <img data-entity-type="file" data-entity-uuid="531afe61-ae38-4e5a-a42e-7429baa29c49" src="https://u.today/sites/default/files/inline-images/ton_3.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, one should pay attention to the local level of $7.45. If buyers fail to seize the initiative by the end of the day, the decline might continue to the vital area of $7 tomorrow. <img data-entity-type="file" data-entity-uuid="6889fb34-1458-4408-8fa2-8853861f3924" src="https://u.today/sites/default/files/inline-images/ton2_3.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the candle is about to close in the red zone, which means bulls have not accumulated enough energy to grow.
In this case, there is a chance of a further decline to the support level of $6.72 within the next few days. <img data-entity-type="file" data-entity-uuid="4cdfe1b9-3528-45dc-9b15-35cbcddf2ac8" src="https://u.today/sites/default/files/inline-images/ton3_4.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, neither buyers nor sellers are controlling the situation on the market. Such a statement is also confirmed by low volume. All in all, consolidation around the $7 zone is the more likely scenario.
TON is trading at $7.284 at press time.

Toncoin (TON) Price Prediction for July 7

Table of Contents

U_Today

Other articles published on Jul 7, 2024

SingularityNET and Wrapped ETH Fail to Catch Up to MoonBag Crypto, Offering 10% Cashback on Refer...

MoonBag Rules As The Top Crypto Presale In 2024 While Scrat And VeChain Face The Heat!

Tezos (XTZ) Price At Yearly Lows: Has XTZ Bottomed Yet

Which Crypto to Buy for 25-50X Gains? Bull Run in Days

Here’s How Ethereum ETFs Will Disrupt the Crypto Market

Shiba Inu Whales On The Move Again As Bitcoin, Crypto Market Recover

Join our free newsletter for daily crypto updates!