Toncoin (TON) Price Forecast for August 25

Toncoin (TON) Price Forecast for August 25
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According to the data, sellers returned to the game at the end of the week. CoinStats.

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TON diagram by CoinStats

TON/USD

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

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Image by TradeView

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

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Image by TradeView

On a longer time frame, it is worth paying attention to the closing of the daily candle in terms of the formed support at $5,452.

Connected

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If this does not happen, then next week we can expect a rebound to the important $6 zone.

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Image by TradeView

The picture is less clear on the weekly chart. The bulls were unable to sustain the gains from the previous bullish bar. If the bar closes near current prices, the correction could extend to the $5 zone.

At the time of publication, TON is trading at $5,705.

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