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The post <a href="https://coinpedia.org/price-analysis/ton-price-sustains-uptrend-against-bearish-tide-eyes-10/">TON Price Sustains Uptrend Against Bearish Tide, Eyes $10</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With hours left for the Bitcoin halving, the altcoin industry shows a breeze of bullish relief. Despite the BTC price standing at $62,000 levels, the TON price sustains an uptrend against the supply inflows.&nbsp; 
As the higher low formation prolongs with a solid support trendline in play, the Toncoin is ready for a surge. With the recovery rally leading to a potential breakout event, the altcoin could hit the $10 mark this month.&nbsp; 
<h2 class="wp-block-heading" id="breakout-rally-for-toncoin">Breakout Rally For Toncoin</h2> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643.png" alt="" class="wp-image-292173" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/19122957/image-643-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<a href="https://www.tradingview.com/x/p1JSCkHz/">Tradingview</a> 
The bull run in the TON price trend has caused a massive 180% jump in the last 45 days. This bullish sprint leads to a solid support trendline, which provides multiple reversal contacts in the 4H chart.&nbsp; 
The resilience to sustain an uptrend in the backdrop of broader market correction reflects solid demand for Toncoin. As the buyers are ready to pay a premium for the altcoin, the altcoin aims to resurface above $7.&nbsp; 
The recent bounce back from the support trendline concludes the minor pullback due to the supply inflow above $7. With this reversal, the breakout entry opportunity is intriguing the sideliners in Toncoin. 
Technical indicators: 
EMAs: The bullish trend in the 50 and 200 EMA in the 4H chart sustains the uptrend, providing dynamic support for the altcoin.&nbsp; 
RSI: The 4-hour RSI slope shows a quick reversal from the oversold zone to almost the 70% barrier, indicating a rise in the underlying bullishness.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ton-price-hit-10">Will TON Price Hit $10?</h2> 
Considering the Bitcoin halving improves the broader market sentiment, the TON price shows a high likelihood of a high momentum uptrend. The bulls are ready for another surge as the altcoin breaks the short-term resistance trendline. As per the trend-based Fibonacci level, the uptrend could hit the $9 mark at the 2.618 Fib level.&nbsp; 
Optimistically, the breakout rally, coupled with market recovery, could aim for the psychological mark of $10.&nbsp;&nbsp;

TON Price Sustains Uptrend Against Bearish Tide, Eyes $10

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