Toncoin On Fire: Crypto Explodes To All-Time High

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,775,550,885	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,775,550,885

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.000569	0.47%	0.122411	0.12238	0.122409

Price Change

Price Change %

Current Price

Bid Price

Offer

0.000569

0.47%

0.122411

0.12238

0.122409

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.122429	0.121654	0.121842	0.121842	0.071373 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.122429

0.121654

0.121842

0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	11:15:17	132.42	0.122411	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

11:15:17

132.42

0.122411

USD

Price x Volume	Volume	Base Symbol	Related Pairs
27,020.53	221,571.40	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

27,020.53

221,571.40

Toncoin On Fire: Crypto Explodes To All-Time High – Can It Hit $10?

24/06/2024 8:30am

NEWSBTC

Telegram-backed Toncoin (TON) has been the talk of the crypto town lately, its price soaring to a record-breaking $8.15 before settling around $7.60. This dramatic rise, coupled with technical indicators flashing both caution and bullish signals, has investors on the edge of their seats, wondering: is this a short-lived party or the beginning of a major ascent? Related Reading: Forget The Dip! XRP Primed For Epic Rally To $36, Expert Claims Cup, Handle Hints At Takeoff, But TDS Warns Of Bumpy Ride Analysts are divided on TON’s immediate future. Crypto technician Ali Martinez throws a bucket of cold water on the recent euphoria, pointing to a “sell signal” on the TD Sequential indicator. This suggests a potential price correction lasting 1-4 trading sessions. The TD Sequential presents a sell signal on the #Toncoin four-hour chart, predicting a correction of one to four candlesticks for $TON! pic.twitter.com/Yg4Da5PH8b — Ali (@ali_charts) June 23, 2024 Investors bracing for a dip should find solace in the Fibonacci retracement levels acting as potential support nets. These levels sit at $7.44, $7.29, and possibly even $7.18, offering TON a soft landing during the descent. However, Ali’s short-term bearishness is countered by Alex Clay’s long-term bullish perspective. Clay, another crypto analyst, sees a bullish “Cup and Handle” pattern brewing on the charts. This pattern, historically a friend of bulls, suggests a continuation of the uptrend after a consolidation phase. The analyst further strengthens his bullish case by pointing to TON’s recent breakthrough of a major resistance zone, which is now expected to act as a springboard for further gains. #TON/USDT Update $TON is consolidating above the broken supply zone👀 More upside is coming📈 https://t.co/ORgEnPEO7t pic.twitter.com/LdwXBg2W6u — Alex Clay (@cryptclay) June 23, 2024 Toncoin’s Technicals Whisper Of Further Ascent Clay doesn’t stop at mere pattern recognition; he throws down some serious price targets. Based on the measured move of the Cup and Handle pattern, Clay predicts TON reaching a cool $10.50, with an even more ambitious target of $11.60. Zooming into the one-day chart, technical indicators paint a similar picture. The price faces resistance around $7.65, a level it’s tested multiple times. If TON can muscle through this hurdle, the next stop could be a glorious $8.28. The 100-day EMA (Exponential Moving Average) at a supportive $6.01 further strengthens the bullish case, acting as a safety net if a correction does occur. Related Reading: Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars Wild Ride Ahead While the TD Sequential indicator suggests a potential short-term correction, the technical indicators and bullish chart patterns hint at a strong possibility of TON continuing its upward trajectory. Investors should buckle up for a potentially wild ride, with short-term dips offering opportunities for those with strong stomachs and long-term vision. Featured image from Asia Crypto Today, chart from TradingView

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

TRXUSD TRON