Toncoin (TON) Price Prediction for March 26

Wednesday has started bullish for the market; however, bears have seized the initiative, according to CoinStats.

TON/USD

The price of Toncoin (TON) has fallen by 2.01% over the last 24 hours.

On the hourly chart, the rate of TON is breaking the local support of $3.585. If the daily bar closes below that mark, one can expect a test of the $3.50 zone soon.

On the bigger time frame, the picture is also bearish. Traders should focus on the support level of $3.523. 

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If the candle closes below that mark, the accumulated energy might be enough for a test of the $3.20-$3.30 zone.

From the midterm point of view, the price of TON is falling after a false breakout of the resistance of $3.903. If the situation does not change, traders may witness a test of the $3 zone soon.

TON is trading at $3.549 at press time.