Toncoin (TON) Price Prediction for March 9

The prices of most of the coins keep falling at the end of the week, according to CoinStats.

TON/USD

The rate of Toncoin (TON) has dropped by 3.73% over the last day.

On the hourly chart, the price of TON is near the local support of $2.826. 

Related

As most of the ATR has been passed, there are low chances to expect sharp moves by the end of the day.

A bearish picture can also be seen on the daily time frame. If the breakout of the support of $2.816 happens, the correction is likely to continue to the $2.60-$2.70 area shortly.

From the midterm point of view, traders should focus on the $2.90 level. If the bar closes below it and with no long wick, the breakout may lead to a test of the $2.40-$2.60 range by the end of the month.

TON is trading at $2.852 at press time.