Kaspa

Toncoin

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<p>The <a href="https://captainaltcoin.com/toncoin-price-rally-imminent-this-ton-pattern-and-on-chain-metrics-point-to-bullish-move/" target="_blank" rel="noopener noreferrer nofollow">price of The Open Network (TON)</a> is breaking out of a macro consolidation that started in mid-September. This consolidation has failed to break above the $5.77 zone, which has been a resistance level since late August.</p>
<p>With the price breaking above the consolidation, there could be some bullish pressure as this could raise excitement in the Toncoin community.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/kaspa-kas-versus-sui-which-token-is-better-to-buy-right-now/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS) Versus SUI: Which Token Is Better to Buy Right Now?</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-1024x480.png" alt="" class="wp-image-560343" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-625.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>A successful breakout and retest could see the price spike to the trendline resistance that has also held its price down continuously. TON must break above the descending channel’s upper boundary for a major rally to occur.</p>
<h2 class="wp-block-heading" id="short-term-rally-to-6-4-possible">Short-Term Rally to $6.4 Possible</h2>
<p>Looking at TON’s 4-hour chart, <a href="https://x.com/AlienOvichO/status/1839077491647856780?t=VzjqXg2soNu2yGeNmXR_HA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">AlienOvicho posted</a> that TON is breaking out of a zone at around $5.766. The chart suggests that a successful breakout from this level could see the price spike to $6.433, where the next resistance is.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/heres-why-october-could-be-life-changing-for-ripples-xrp-holders/" target="_blank" rel="noopener noreferrer nofollow"> Here’s Why October Could Be ‘Life-Changing’ For Ripple’s XRP Holders</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-1024x610.png" alt="" class="wp-image-560351" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-626.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The relative strength index on the daily charts supports the possibility of a continued price rise. Currently, at 55, it shows that the price has room to run in the case of increased bullish momentum.</p>
<p>The 50-day SMA, which reflects short-term price potential, is currently serving as support for the price. This could also be a trigger for more price increases and give more confidence to the bulls.</p>
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<p>The post <a href="https://captainaltcoin.com/toncoin-ton-price-looks-promising-as-indicators-signal-imminent-short-term-rally-heres-the-outlook/" rel="noopener noreferrer nofollow">Toncoin (TON) Price Looks Promising as Indicators Signal Imminent Short-Term Rally: Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Toncoin (TON) Price Looks Promising as Indicators Signal Imminent Short-Term Rally: Here’s the Outlook

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