Toncoin

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The market is trading sideways as the prices of some coins are rising, while others are falling, according to <a href="https://u.today/doge-price-prediction-for-may-22" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="fd74d1b5-4be7-4c9f-9d47-e05eed3e0481" src="https://u.today/sites/default/files/inline-images/top10_1133.png">TON chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ton-usd">TON/USD</h2>
The price of Toncoin (TON) has dropped by 0.3% over the last day. <img data-entity-type="file" data-entity-uuid="facd2de3-3bfd-43dc-84fb-bf74b23a0e71" src="https://u.today/sites/default/files/inline-images/tn1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of TON is near the support level of $6.20.&nbsp;
If buyers cannot seize the initiative until the end of the day, the accumulated energy might be enough for a breakout, followed by a move to the $6-$6.10 zone. <img data-entity-type="file" data-entity-uuid="39d19d5f-3844-4cd6-8e3e-90a2d7fa0f2d" src="https://u.today/sites/default/files/inline-images/ton2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price has come back to the support level of $6.2063. If it breaks out, traders may expect an ongoing decline to the $5.8-$6 area by the end of the month. <img data-entity-type="file" data-entity-uuid="e4435bb9-ef79-4f93-8e8f-80ac510e5ec3" src="https://u.today/sites/default/files/inline-images/ton3.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the vital zone of $6. If the fall to it continues, there is a chance to see a test of $5.50 shortly.
TON is trading at $6.34 at press time.

Toncoin (TON) Price Prediction for May 23

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