Toncoin

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The rates of the majority of the coins keep falling, according to <a href="https://u.today/cardano-ada-price-prediction-for-june-28" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="d893ef1f-d360-4668-b520-9835b53e091a" src="https://u.today/sites/default/files/inline-images/top10_1206.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 increased by 0.62% since yesterday. <img data-entity-type="file" data-entity-uuid="4d14002a-9cea-48b0-8c05-54205b85a1ca" src="https://u.today/sites/default/files/inline-images/ton1_2.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 might have found a local resistance level of $7.651. If the daily bar closes far from this mark, bears may get back in the game, which might lead to a drop to the $7.50 zone. <img data-entity-type="file" data-entity-uuid="936ad889-545c-4100-b6df-69bfa6c8f545" src="https://u.today/sites/default/files/inline-images/ton2_2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, none of the sides is dominating. The price is in the middle of a wide channel, which means there are low chances of sharp moves soon.
In this case, ongoing sideways trading in the zone of $7.4-$7.8 is the more likely scenario for the next few days. <img data-entity-type="file" data-entity-uuid="5b4605ec-6de6-48be-a00c-49746451516e" src="https://u.today/sites/default/files/inline-images/ton3_3.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/TONUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the weekly chart. The volume remains low, confirming the absence of buyers' and sellers' energy. All in all, traders may witness consolidation between $7 and $8 for the upcoming week.
TON is trading at $7.612 at press time.

Toncoin (TON) Price Prediction for June 29

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