Toncoin (TON) price prediction today: Is $4.45 the best buying zone?

• With Pavel Durov's (Telegram's founder) recent arrest and subsequent release from prison, TON has seen volatile price action.
• TON's major horizontal resistance is $6.78, with $6.00 being a level lower.
• On the downside, TON's support is at $4.84. This is also extremely close to TON's major Yellow Buy Box, between $4.45 and $4.85.
• TON has also formed a bullish divergence on the RSI here. A lower low in price (candle bodies) with a higher low on the oscillator is a bullish formation that tends to see prices increase.
• To the upside for price currently, price is below $6.00, which is now a local horizontal resistance.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Cryptonary's take

TON is a top-10 coin by market cap, and considering its vast community, TON might be a "player" in the future. We're, therefore, watching price action here. Even though the situation is unclear (surrounding Durov), the chart is bullish, having put in a bullish divergence from oversold territory. If price does retest the Yellow Buy Box between $4.45 and $4.85, this would be the area to bid TON.