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Toncoin (TON) Price Prediction for April 4
As the market continues to fluctuate, traders are looking for signs of a potential turnaround in the price action. In the case of Toncoin (TON), recent developments suggest that the asset might be poised for a breakout or breakdown.
At press time, TON is trading at $3.55, but the overall trend appears to be bearish. A level breakout followed by a move to the $3.65 zone has been hinted at in some market analysis. However, this would require a significant reversal of current trends.
On the bigger time frame, traders should focus on the daily bar’s closure in terms of the $3.51 level. If it happens far from it, there is a possibility to see a bounce back to the $3.60-$3.70 area shortly.
A less bullish scenario can be seen on the weekly chart. Despite the failure to keep the rise after the previous bullish candle closure, bulls have not been able to break above the key resistance level. This has led many analysts to speculate about a continued fall towards the vital zone of $3.
As such, traders should be prepared for a potential drop in price if these expectations are met.
Source: https://u.today/toncoin-ton-price-prediction-for-april-4
