Toncoin

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Toncoin price is trading above the key moving averages, showcasing bullishness.</a> </li> 
 <li> <span>2</span> <a>In the last 3 months, TON grew by almost 68.07%.</a> </li> 
 <li> <span>3</span> <a>TON is heading upwards, making a higher high structure.</a> </li> 
</ul>  
<p>Toncoin is making a buzz in the market with its top-class performance and bullish on-chain activities. The TON crypto has displayed bullish waves for the past sessions. Moreover, the cryptocurrency is sustaining gains above the key exponential moving averages and is persistent in stretching the gains above the upper threshold.</p> 
<h2 class="wp-block-heading" id="strong-the-on-chain-metrics-of-toncoin-are-on-the-rise-strong"><strong>The on-chain Metrics of Toncoin are on the Rise</strong></h2> 
<p>The on-chain metrics of TON crypto are growing showcasing bullish. According to Santiment data, the total number of holders has been increasing for a prolonged time showcasing bullishness.</p> <iframe loading="lazy" title="Santiment Chart: Total Amount Of Holders (TON)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=toncoin&amp;pt=TON&amp;df=2024-03-10T00%3A00%3A00.000Z&amp;dt=2024-06-04T18%3A29%3A59.096Z&amp;emcg=1&amp;emhwm=1&amp;wm=holders_distribution_total&amp;wc=%23FF5B5B" scrolling="no"></iframe> 
<p>From March 10, the total number of holders took a spike, and it has been hovering in the upper region and showing tremendous growth since then. At the time of writing, it stands at 19.2K.</p> 
<p>Moreover, the total value locked of the TON is also on the incline. On March 06, 2024, the TVL activity metric started surging. At the time of writing it stands at $489.32 Million.</p> 
<p>Meanwhile, the increasing TVL is a bullish signal and is typically a positive sign for TON <a href="https://www.thecoinrepublic.com/2024/02/07/soulbound-investors-missing-out-on-this-unique-cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<p>TON active addresses have also showcased a surge in recent times. According to the Santiment data, the number of active addresses in a 24-hour and 7-day timeframe keeps inclining, suggesting bullishness.&nbsp;</p> 
<p>The increase in TON active addresses is a bearish indication that signals an incline in the on-chain demand for the cryptocurrency.</p> 
<h3 class="wp-block-heading" id="strong-will-the-toncoin-price-break-the-8-level-strong"><strong>Will the Toncoin Price Break the $8 Level?</strong></h3> 
<p>TON is trading in the bullish zone, heading upwards by making a higher high structure. After a mild weakness, the coin bounced back by taking support on the 20 EMA level.</p>    
<p><a href="https://in.tradingview.com/chart/TONUSDT/JLyymp8Y-ton/"></a> <a href="https://in.tradingview.com/u/writer12_gsm/"></a> <a href="https://in.tradingview.com/">T</a></p>  
<p>When writing, the TON was trading at $7.273 level with an intraday growth of 4.74%. Its market cap value at $17,671,174,008, and the last 24-hour trading volume was $264,563,565, with a 1.12% decline.&nbsp;</p> 
<p>Moreover, TON showed excellent growth that increased by 4.23% last month, 68.07% in the last 3 months, and more than 229% in the last 6 months, showcasing bullishness in the crypto price.</p> 
<p>If the TON price exceeds the $8 level, it could start a new bullish rally. Moreover, the main resistance for the crypto is $7.697 and $8.000. The main support levels for this are $6.889 and $6.428.</p> 
<h3 class="wp-block-heading" id="strong-decoding-the-indicators-of-the-ton-price-strong"><strong>Decoding the Indicators of the TON Price&nbsp;</strong></h3> 
<p>TON is trading above the key exponential moving averages, showcasing bullishness on the daily technical timeframe. The RSI curve is at 58.97, and the 14 SMA curve is at 58.75, both close to the overbought zone demonstrating bullishness.</p> 
<p>According to the TradingView technical summary for the daily time frame, out of 26 indicators, only 1 is giving a sell signal, 9 are on the neutral side, and 16 are signaling a buy indication. Overall, the weightage is on the buy side, showcasing bullishness.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p>TON price is trading in the bullish momentum above the key exponential moving averages showcasing bullishness. Moreover, indicators like MACD, and RSI suggest bullishness in the crypto price. Moreover, the growing on-chain metrics also showcase bullishness.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.</p>

Toncoin Price Analysis: Will TON Price Break The $8 Mark?

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Thecoinrepublic.com

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