Toncoin (TON) Price Prediction for March 4

Bears are giving no chances to bulls, according to CoinMarketCap.

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TON/USD

The rate of Toncoin (TON) has declined by 9.45% over the last day.

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On the hourly chart, the price of TON might have set a local resistance at $3.076. If the daily bar closes around that mark or above it, growth is likely to continue to the $3.20 area soon.

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On the bigger time frame, the rate of TON has made a false breakout of the support of $2.910.

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If the candle closes with a long wick, traders may witness a bounce off to the $3.10-$3.20 range by the end of the week.

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From the midterm point of view, one should focus on the bar’s closure in terms of the $2.910 level. If it happens near it and with no long wick, the accumulated energy might be enough for a dump to the $2.50 range.

Toncoin is trading at $3.070 at press time.

Source: https://u.today/toncoin-ton-price-prediction-for-march-4