Bitcoin

Toncoin

Notcoin

<p>Toncoin (TON) has recently demonstrated a notable recovery following Pavel Durov’s release on bail. Durov, the founder of Telegram, secured his release by paying €5 million, approximately $5.56 million. While this development has sparked renewed interest in Toncoin, Durov remains under judicial supervision and cannot leave France.</p><h2 id="header-0">Will TON Price Maintain the $5 Support?</h2><p>Currently, Toncoin trades at about $5.53, reflecting a 7.80% increase over the past two days. This positive movement comes despite earlier concerns about a potential death cross in its moving averages. Traders had worried that this pattern could signal a bearish trend. However, Toncoin has managed to hold above the critical $5 support level.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/46909c337ed04de6bacc2778e2f5ece9.png" /></p><p><em>TON Price Analysis. Source| <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a></em></p><p>If Toncoin can surpass the 200-day EMA, it may target a price of $6.11 in the near term. This upward movement could indicate a bullish trend, especially as trading volume surged by 98%. Investors are watching closely to see if Toncoin can maintain this momentum.</p><h2 id="header-1">Notcoin Enters a Bull Cycle</h2><p>Notcoin (NOT) has also experienced a modest rally, increasing by 7.10% recently. Currently, it trades at around $0.0090. This price movement aligns with a falling wedge pattern, which often suggests a potential bullish breakout. As Notcoin approaches the support trendline, traders remain hopeful for a positive shift.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1ae839d34950456ca658709f42e6c09c.png" /></p><p><em>NOT Price Analysis. Source| <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a></em></p><p>The MACD indicator shows an intense bearish trend, but crossover chances are improving. If Notcoin can break through the overhead trendline and the 50-day EMA, it may find resistance at $0.0116 before a breakout. After breaking out, the next resistance level could be $0.01750.</p><h2 id="header-2">Market Context and Future Outlook</h2><p>The broader cryptocurrency market remains volatile, with Bitcoin trading below $60,000. Durov’s legal situation continues to influence market sentiment. As a result, investors are increasingly focused on Toncoin and Notcoin. The next few days will be critical in determining whether these altcoins can sustain their upward momentum and reclaim their previous highs.</p>

Will Durov’s $5.56 Million Bail Ignite a Toncoin and Notcoin Rally?

Table of Contents

FXCryptoNews

Other articles published on Aug 29, 2024

Trump Will Reveal Plan To Make US the “Crypto Capital of the Planet” Today

Binance Expands Trading Options with New CHESSUSDT Contract

🗒 Daily Newsletter | Thursday, August 29, 2024

OpenAI Targets $100 Billion Valuation

Is Whale Activity Driving Bitcoin Bearish Trend?

Whales Offload 1.16 Trillion $PEPE As Pepe Unchained Raises $11 Million In ICO

Join our free newsletter for daily crypto updates!