The cryptocurrency market is experiencing a downturn, but Toncoin (TON) has bucked the trend with a 0.62% increase in the past 24 hours. However, the coin's price may have hit a roadblock at $7.651, which could lead to a drop to $7.50 if the daily close is far from this mark.

On the daily chart, neither bulls nor bears are dominating, and the price is stuck in a wide channel between $7.4 and $7.8. This sideways trading is likely to continue for the next few days, with low chances of sharp moves. The weekly chart also shows a similar pattern, with low trading volume indicating a lack of buyer and seller activity.

Consolidation between $7 and $8 is likely for the upcoming week, with traders waiting for a breakout or a breakdown to make their next move. The current price of TON is $7.612, and only time will tell if it will break out of this range.

The analysis is based on technical indicators and market trends, but it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Investors should always do their own research and consider multiple factors before making any investment decisions.

In conclusion, while Toncoin has shown resilience in the face of a declining market, its price may be due for a correction. The next few days will be crucial in determining the coin's future trajectory, and traders should be cautious and prepared for any eventuality.