Toncoin (TON) Price Prediction for February 21

The cryptocurrency market remains bullish today, according to CoinStats.

TON/USD

The rate of Toncoin (TON) has gone up by 2.71% over the last 24 hours.

On the hourly chart, the price of TON is falling after setting a local resistance of $3.711. If the decline continues, the correction may lead to a test of the support of $3.551 by the end of the week.

On the daily time frame, the picture is bearish as the rate is near the local support of $3.497. If a breakout happens, traders may witness a test of the $3.40 range shortly.

From the midterm point of view, there are no reversal signals yet.

If the weekly bar closes below the previous candle low, one can expect a drop to the $3 area by the end of the month.

TON is trading at $3.588 at press time.

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