Toncoin

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The decline has not lasted long, as most of the coins are in the green area, according to <a href="https://u.today/doge-price-prediction-for-june-4" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="f9c44c72-b732-446b-9586-17590abd6a2d" src="https://u.today/sites/default/files/inline-images/top10_1161.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="ton-usd">TON/USD</h2>
The price of Toncoin (TON) has risen by 4.95% over the past 24 hours. <img data-entity-type="file" data-entity-uuid="431abbdd-ccf4-4bf2-b392-d35600a4e32e" src="https://u.today/sites/default/files/inline-images/ton1_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's rise, the rate of TON is trading near the local support of $7.22. If the bounce back does not happen by the end of the day, there is a chance to see a decline, followed by a move to $7. <img data-entity-type="file" data-entity-uuid="02a31641-a32c-4fe1-8e6c-d14b0dbe2905" src="https://u.today/sites/default/files/inline-images/ton2_1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, bears are also dominating over bulls. If the daily bar closes around current prices, the correction may continue to the $7 area until the end of the week. <img data-entity-type="file" data-entity-uuid="8c0000b8-70cc-412f-9e51-27fd588c8ecb" src="https://u.today/sites/default/files/inline-images/ton3_1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate is in the middle of a wide channel, which means none of the sides has seized the initiative yet.&nbsp;
Thus, the volume has dropped, confirming the lack of buyers' and sellers' energy. All in all, sideways trading around $7 is the more likely scenario.
TON is trading at $7.2527 at press time.

Toncoin (TON) Price Prediction for June 5

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