Toncoin Price Prediction for April 4: Bulls Face Challenges

Toncoin (TON) has faced a significant downturn today, declining approximately 5%. A closer look at the hourly chart reveals that TON may have experienced a false breakout above its local resistance level of $3.598. However, if buyers can establish dominance, a further price surge toward the $3.650 zone becomes possible. On the daily timeframe, traders should monitor the closure of the daily bar at the $3.511 level. If this occurs significantly below it, a rebound towards the $3.60-$3.70 range might be expected. However, a less optimistic outlook emerges on the weekly chart. Despite previous bullish momentum after a recent candle close, bulls have been unable to sustain the gains. If no positive shift occurs by the end of Sunday, a further decline into the $3-value zone is likely. Currently, TON is trading at $3.55 as per current data.