Toncoin

Resistance

<p>The post <a href="https://coinpedia.org/price-analysis/ton-price-to-surge-35-as-toncoin-remains-bullish/">TON Price To Surge 35% As Toncoin Remains Bullish?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After displaying a correction since the week’s start, the cryptocurrency industry has displayed a positive price action by adding 1.89% to its valuation over the past day.</p> 
<p>On the other hand, the Toncoin (TON) price has added 12.22% within the past day and 24.36% over the past seven days. Moreover, the Year-to-Date (YTD) return of the <a href="https://markets.coinpedia.org/toncoin/" target="_blank" rel="noreferrer noopener">Toncoin price</a> stands at +186.99%, indicating a bullish price action for the altcoin in the coming time.</p> 
<h2 class="wp-block-heading" id="h-toncoin-price-breaks-out-of-its-important-resistance-level">Toncoin Price Breaks Out Of Its Important Resistance Level:</h2> 
<p>The TON price traded in a closed range between $2 and $2.775 for over six months, highlighting a weak price action for the altcoin in the crypto market. As the volatility in the market grew, the bulls regained momentum and successfully broke out of the resistance level.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="540" src="https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price-1024x540.png" alt="" class="wp-image-300360" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price-1024x540.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price-150x79.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/10123207/TON-Price.png 1435w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  TradingView: TON/USDT
 </figcaption>
</figure> 
<p>The price of Toncoin jumped 270.16% in value, resulting in a new all-time high (ATH) of $7.65 on 11th April. Following this, the bulls lost momentum and recorded a correction of 39.86% in valuation. After testing $4.60, the bulls regained power after announcing Pantera Capital’s investment in this Layer-1 project.</p> 
<p>The Relative Strength Index (RSI) displays a significant rise in the 1D time frame, highlighting increased buying pressure in the crypto industry. Moreover, the average shows a bullish curve, suggesting a positive outlook for the TON price in the coming time.</p> 
<h2 class="wp-block-heading" id="h-will-toncoin-go-up">Will Toncoin Go Up?</h2> 
<p>If the market holds the TON price above the support level of $6.350, the bulls will continue trading positively and test its resistance level of $7.250. Furthermore, if the bulls hold the price at that level, it will set the stage for the Toncoin token to attempt to test its upper resistance level of $8 by the upcoming week.</p> 
<p>Conversely, if a bearish trend reversal occurs, the TON token will lose momentum and test its support level of $6.350 by the weekend. Moreover, if the bulls fail to regain momentum, this altcoin will continue trading under a bearish influence and plunge toward its lower support level of $5.50.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/altseason-does-not-appear-within-limits-here-is-what-a-popular-analyst-has-to-say/">AltSeason Does Not Appear Within Limits; Here is What a Popular Analyst Has to Say!</a></p>

TON Price To Surge 35% As Toncoin Remains Bullish?

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