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<p>The post <a href="https://coinpedia.org/price-analysis/toncoin-slumps-13-in-hours-ton-price-to-hit-4-amid-telegram-probe/">Toncoin Slumps 13% In Hours! TON Price To Hit $4 Amid Telegram Probe?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Since the arrest of Pavel Durov, CEO of Telegram, the Toncoin price has dropped over 23% in valuation. This highlights rising uncertainty for the altcoin in the cryptocurrency market. Notably, Toncoin (TON) is the 10th most-valued project with a capital of $11.833 Billion.</p> 
<p>With the ongoing allegations on Telegram and its CEO for multiple offenses, will Toncoin plunge toward its lower levels or reclaim $6 by month-end?</p> 
<h2 class="wp-block-heading" id="h-ton-coin-price-breaks-down-its-triangle-pattern">TON Coin Price Breaks Down Its Triangle Pattern!</h2> 
<p>The Toncoin price had formed a triangle pattern in the 1D time frame and had been trading within it since July. However, with the recent market turmoil, the altcoin broke down its support trendline with a plunge of 15.22% over the past week.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfFjSxWCtbbMV9mtAXppRedwK2mnHf61AiZLvEqC52PjBm7pFBV6WHjftrzEae7IC7vdte6P_jwe5361xGGwB564E66Tu_B4WrujmA08CZg4vf5Jik2vAqOfM15WrXLWgfx1W-le5s2e38utP5sY0cgcxg?key=kab0-8Issun1pXWf1DzCng" alt="Toncoin Price Analysis September">
 <figcaption class="wp-element-caption">
  TradingView: TON/USDT
 </figcaption>
</figure> 
<p>The EMA 50/200-day has recorded a steady decline in the Toncoin price chart. This indicates an increase in the selling pressure within the crypto space. Furthermore, the indicator displays a high possibility of a Death Cross, suggesting a negative outlook in the coming time.</p> 
<p>Moreover, the RSI indicator has experienced a significant drop toward the oversold range and is on the verge of testing it. This suggests that the TON crypto price may continue losing value this week.</p> 
<h2 class="wp-block-heading" id="h-does-toncoin-have-a-future">Does Toncoin Have A Future?</h2> 
<p>If a bullish reversal occurs, the TON price will prepare to test its resistance level of $5.155. Maintaining the price at that level could set the stage for the 10th largest cryptocurrency to head toward its upper resistance level of $6.415 in the coming time.</p> 
<p>On the flip side, if the bears continue gaining momentum, the price of Toncoin will bleed toward its support level of $4. Further, if the bulls fail to regain momentum at that point, this altcoin will prepare to test its lower support level of $2.960.</p> 
<p>Read our <a href="https://coinpedia.org/price-prediction/toncoin-ton-price-prediction/" target="_blank" rel="noreferrer noopener">Toncoin (TON) Price Prediction</a> for an overview of the long-term price targets!</p>

Toncoin Slumps 13% In Hours! TON Price To Hit $4 Amid Telegram Probe?

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