Toncoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Sellers remain more powerful than buyers, according to <a href="https://u.today/shib-prediction-for-august-13">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="fa6e374d-ffac-44d8-9240-c074d7d88734" src="https://u.today/sites/default/files/inline-images/top10_1296.png">TON chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="ton-usd">TON/USD</h2>
The rate of Toncoin (TON) has rocketed by almost 10% since yesterday.
<img data-entity-type="file" data-entity-uuid="10c13b8c-74dc-4ac9-bbf6-ccd85bf42a44" src="https://u.today/sites/default/files/inline-images/ton1_6.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT">TradingView</a>
On the hourly chart, the price of TON might have set a local resistance level of $7.262.&nbsp;
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.
<img data-entity-type="file" data-entity-uuid="8eb5538e-61c9-4bbd-9ddc-3e5dad000801" src="https://u.today/sites/default/files/inline-images/ton2_7.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT">TradingView</a>
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.
<img data-entity-type="file" data-entity-uuid="908626e9-b481-4e20-bff6-b60c45e76f3b" src="https://u.today/sites/default/files/inline-images/ton3_8.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT">TradingView</a>
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.

Toncoin (TON) Prediction for August 14

Table of Contents

U_Today

Other articles published on Aug 14, 2024

Pennsylvania Professor Jeremy Siegel Urges Immediate 0.75% Rate Cut Amid Global Market Crash

Investors Monitor BANANA Recovery Trends

WazirX breaks silence after 6 days, releases key update on user balances

Hamster Kombat Rejects VC Proposals to Ensure Fair Play for Users: Report

Introduction to Decentralized Applications (DApps)

Is the Central Bank of India’s Digital Rupee Project Being Powered by the XRP Ledger?

Join our free newsletter for daily crypto updates!