Toncoin (TON) Prediction for August 25

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Sellers are back in the game at the end of the week, according to CoinStats.

TON chart by CoinStats

TON/USD

Toncoin (TON) has lost a lot of value today, falling by 16.35%.

Image by TradingView

On the hourly chart, the rate of TON has made a false breakout of the local support level of $5.322. As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

Image by TradingView

On the bigger time frame, one should pay attention to the daily candle closure in terms of the formed support of $5.452.

If it happens far from it, one can expect a bounce back to the vital zone of $6 next week.

Image by TradingView

A less clear picture is on the weekly chart. Bulls could not maintain the rise after the previous bullish bar. If the bar closes around the current prices, the correction may continue to the $5 zone.

TON is trading at $5.705 at press time.