Toncoin (TON) has risen by 4.12% since yesterday, maintaining a bullish outlook. On the hourly chart, TON is close to breaking the $5.636 resistance. If the daily candle closes without a long wick, the price could rise further to $5.70.

On the larger time frame, if TON reaches the $5.667 resistance and bulls maintain momentum, the price could test the $6 range in the coming days.

However, on the weekly chart, a quick reversal is unlikely. Consolidation between $5.50 and $6.50 is more probable through the end of the month. TON is trading at $5.638 at press time.