Toncoin

Resistance

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Rekt

<p>In a recent analysis from Rekt Capital’s newsletter, the focus was on <a href="https://captainaltcoin.com/toncoin-ton-price-looks-promising-as-indicators-signal-imminent-short-term-rally-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">Toncoin (TON)</a>. The analysis began with a recap from two weeks prior, noting that TON had broken down from a defined range. However, it indicated that the price was attempting to reclaim that range.</p>
<p>The earlier insights suggested that a weekly close above the range low would signal a successful reclaiming of that level. If such a weekly close occurred, any subsequent dips would serve to reaffirm the range low as new support.</p>
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<p>The analysis emphasized that maintaining stability at this level would be favorable for a future challenge against an established downtrend.</p>
<p>As the week progressed, the analysis began to materialize. TON successfully closed above the range low, positioning itself for a retest. The latest update highlighted that TON had confirmed its re-entry into the macro range, reclaiming the range low as new support, which propelled the price into a rally exceeding 10%.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/crazy-buying-of-this-new-solana-meme-coin/" target="_blank" rel="noopener noreferrer nofollow">Crazy Buying Of This New Solana Meme Coin</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-1024x686.png" alt="" class="wp-image-561569" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-722.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In the short term, there might be initial resistance at a series of lower highs, but given the prevailing market conditions, there was optimism that TON could break through the downtrend.</p>
<p><a href="https://newsletter.rektcapital.co/email/7d2839ee-6f20-41e2-939e-a0b766db9506/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">The analysis noted</a> that other cryptocurrencies, such as FET, INJ, TAO, PEPE, and WIF, had recently overcome similar resistances, suggesting that TON might finally be following suit. A successful break of the diagonal resistance could lead TON to revisit the higher range levels over time.</p>
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<p>The post <a href="https://captainaltcoin.com/toncoin-ton-price-promising-could-pump-if-this-one-resistance-breaks/" rel="noopener noreferrer nofollow">Toncoin (TON) Price Promising, Could Pump If This One Resistance Breaks</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Toncoin (TON) Price Promising, Could Pump If This One Resistance Breaks

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