Toncoin (TON) Price Prediction for October 30

Most of the coins may have found a local peak, according to CoinStats.

TON/USD

The price of Toncoin (TON) has fallen by 0.66% over the last 24 hours.

On the hourly chart, the rate of TON is in the middle of the local channel, between the support of $4.956 and the resistance of $5.070. As most of the daily ATR has been passed, there are low chances of expecting any sharp moves by the end of the day.

On the bigger time frame, the situation is unchanged since yesterday. The volume remains low, which means none of the sides is ready for a sharp move.

In this regard, consolidation in the area of $4.95-$5.150 is the more likely scenario.

From the midterm point of view, the picture is neutral. The rate of TON is far from main levels, confirming the absence of buyers’ or sellers’ power. All in all, traders may witness ongoing sideways trading around the current prices.

TON is trading at $5.025 at press time.

Source