Notcoin

Rally

bullish

Toncoin

<p>The post <a href="https://coinpedia.org/price-analysis/toncoin-and-notcoin-ready-for-a-rally-with-durovs-bail/">Toncoin and Notcoin Ready for a Rally With Durov’s Bail?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The broader market remains volatile, with the BTC price back under the $60K mark. Amid this, the volatility increases for the Toncoin and Notcoin with Parel Durov’s case. As Durov gets out by paying a bail amount of $5.56 Million, the altcoins are turning positive momentarily. Will this recovery reclaim the lost levels of last week?</p> 
<h2 class="wp-block-heading" id="h-will-ton-price-hold-5-support">Will TON Price Hold $5 Support?</h2> 
<p>Following the massive crash over the weekend, the <a href="https://coinpedia.org/price-prediction/toncoin-ton-price-prediction/" target="_blank" rel="noreferrer noopener">TON price</a> shows a bullish hold over the $5 support level. However, the bullish dominance at the 200-day EMA has been compromised resulting in a downtick in the 50-day EMA.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-1024x509.png" alt="Toncoin Price Analysis 29th Aug 2024" class="wp-image-344074" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/29124919/Toncoin-Price-Analysis-29th-Aug-2024.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>With the increased chances of a death cross, the EMAs give a SELL signal for the Toncoin. Further, with the bullish resurgence with the bearish exhaustion and Durov’s bail, the TON price is moving up, 7.80% in the last two days.&nbsp;</p> 
<p>The TON price is trading at $5.53 with a Doji intraday candle despite a 98%% surge in trading volume. A bullish trend ahead can result in a price jump to the $6.11 mark if it exceeds the 200-day EMA in the short term.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-not-price-bull-cycle-amid-volatile-market-nbsp">NOT Price Bull Cycle Amid Volatile Market&nbsp;</h2> 
<p>With the bearish trend extension, the NOT price shows a falling wedge in the daily chart. The weekend correction for Notcoin aligns with the negative cycle within the pattern and tests the bottom support trendline.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-1024x509.png" alt="Notcoin Price Analysis 29th Aug 2024" class="wp-image-344075" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-1536x763.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/29125017/NOT-Price-Analysis-29th-Aug-2024.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Further, the MACD indicator shows an intense bearish trend while positive crossover chances are improving. The altcoin has increased by 7.10% in the past two days and is currently trading at $0.0090.</p> 
<p>With a potential bull cycle ahead, the <a href="https://coinpedia.org/price-prediction/notcoin-not-price-prediction/" target="_blank" rel="noreferrer noopener">NOT price</a> eyes the overhead trendline and the 50-day EMA. Further, approaching the bottleneck portion of the pattern, the TON price is ready for a decisive move and breaking the pattern.&nbsp;</p> 
<p>On the upside, the altcoin can find resistance at the $0.0116 level before the breakout and at $0.01750 post-breakout. On the flip side, the support levels are hard to find due to the lack of significant price movement at lower levels. However, a cushion could be witnessed at $0.0075 and $0.0045.&nbsp;</p>

Toncoin and Notcoin Ready for a Rally With Durov’s Bail?

Table of Contents

CoinPedia News

Other articles published on Aug 29, 2024

Solayer to Spend $12M on Enhanced Restaking on Solana Network

This $22M Market Cap Gem Could Be The Next Crypto Moonshot To Rival PEPE and WIF

Bitcoin Faces Challenges as Prices Drop in September

What Is the Recently Funded Bolt Protocol?

QCP Analysts Provide Market Insights

Tether Launches USDT on Aptos, Offering ‘Fraction-of-a-Penny’ Transaction Fees

Join our free newsletter for daily crypto updates!