Crypto News

Toncoin (TON) Price Prediction for March 16

The market is mainly bullish today, however, some coins remain in the red zone, according to CoinStats.

Top coins by CoinStats

TON/USD

Toncoin (TON) is one of the biggest gainers today, rocketing by 17%.

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Image by TradingView

Despite today’s sharp rise, the price of TON is looking bearish on the hourly chart. If the breakout of the local support happens, the decline may lead to the test of the $3.350 zone by tomorrow.

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Image by TradingView

On the bigger time frame, bulls have failed to keep rising after yesterday’s bullish closure. 

Related

SHIB Price Prediction for March 15

If the bar closes far from the $3.626 level, sellers may seize the initiative, followed by a correction to the $3.20 zone.

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Image by TradingView

On the weekly chart, neither bulls nor bears are dominating. If the bar closes around current prices, sideways trading in the area of $3.20-$3.80 is the more likely scenario by the end of the month.

TON is trading at $3.413 at press time.

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