Boost

Value

Bitcoin

Toncoin

Optimism

Toncoin price forecast. The selling pressure on the crypto market continued on Friday as the <a href="https://coingape.com/markets/bitcoin-price-analysis-why-is-btc-charging-to-70000/">Bitcoin price</a> plunged below $63930 with an intraday loss of 1.4%. In the last 24 hours, a total of 58,039 traders faced liquidation, with the combined value of these liquidations reaching approximately $133.77 million as per Coinglass data. Bucking the market sell-off, the Toncoin price managed to hold above $7 projecting a potential bullish reversal. 
Also Read: <a href="https://coingape.com/binance-finalizes-tether-integration-on-toncoin-network-what-next-for-ton/">Binance Finalizes Tether Integration on Toncoin Network, What Next For TON?</a> 
<h2 id="b-toncoin-price-forecast-binance-usdt-integration-spurs-optimism-b">Toncoin Price Forecast: Binance USDT Integration Spurs Optimism</h2> 
<img decoding="async" src="https://s3.tradingview.com/snapshots/h/hh1nJhoK.png" alt="OKX:TONUSDT Chart Image by sahilmahadik07"> 
With the broader market setback on June 15th, the <a href="https://coingape.com/trending/toncoin-ton-v-uniswap-uni-where-will-bulls-settle/">Toncoin</a> price trend took a bearish turnaround, forming a peak at $8.13. As the overhead supply pressure above $8 fueled the ongoing correction spree, the altcoin has dropped by 12.84% in the last six days. 
However, the bear cycle pauses the long-coming support trendline, the backbone of the ongoing uptrend in Toncoin. As the ascending trendline provides multiple bouncebacks, the demand near the support is evident, with the lower-price rejections cementing it.&nbsp; 
Currently, altcoin has taken a halt from the correction phase and jumped 2.73% last night, teasing a bullish comeback. As of now, the TON price trades at $7.12 with a minor intraday drop of 0.14%, forming a Doji candle.&nbsp; 
Also Read:<a href="https://coingape.com/crypto-prices-today-june-20-btc-eth-navigate-market-turbulence-fet-agix-rally-over-20/"> Crypto Prices Today June 20: Bitcoin Holds Firm at $65K Amid Market Turbulence, FET &amp; AGIX Soar Over 20%</a> 
<blockquote>
 According to a recent announcement from Toncoin, Binance, the leading cryptocurrency exchange, has now integrated Tether (USDT) into the Toncoin Network. The integration provides Binance users enhanced flexibility in transferring stablecoin liquidity to the TON blockchain. This development is anticipated to boost transaction speeds, decrease costs, and provide a more efficient means for managing USDT transactions.
</blockquote> 
<blockquote class="twitter-tweet"> 
 USD₮ on <a rel="nofollow" href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw">@ton_blockchain</a> is now live on <a rel="nofollow" href="https://twitter.com/binance?ref_src=twsrc%5Etfw">@binance</a> <a rel="nofollow" href="https://t.co/tsYCxybDKx">pic.twitter.com/tsYCxybDKx</a> 
 — Tether (@Tether_to) <a rel="nofollow" href="https://twitter.com/Tether_to/status/1804042612967395737?ref_src=twsrc%5Etfw">June 21, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This new feature increasing the utility of the Toncoin Network should project a positive outlook on TON price. 
Considering the broader market recovery finds a boost in momentum, the TON price can take a reversal from the long-coming support to head higher. As the altcoin trades just 13% away from its all-time high, the surrounding sentiments are optimistic and bullish.&nbsp; 
Hence, the present dip comes as a buy-the-dip opportunity for the sideline traders. Another reversal from the trendline can result in a new all-time high formation with the $8.13 peak breakout. This will increase the chances of uptrend reaching the $10 psychological mark.&nbsp; 
Supporting the bullish perspective, the Total Value Locked of the Toncoin network stands at $969 Million, ready to hit the billion-dollar mark.&nbsp; 
On the downside, a bearish continuation fracturing the trendline can result in a downfall below the $7 mark. The next support levels for the altcoin are at $6 and $4.74. 
<h2 id="b-technical-indicator-b">Technical Indicator&nbsp;</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">EMA: As the bullish trend in Toncoin witnesses a pullback phase, the 50D <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">Exponential Moving Average</a> jumps into action and provides dynamic support.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">RSI: The daily Relative Strength Index line dropping under the halfway line takes a quick reversal reflecting a surge in demand.&nbsp;</li> 
</ul> 
The post <a href="https://coingape.com/markets/toncoin-price-prediction-binances-usdt-integration-rally-10/">Toncoin Price Forecast: How Binance’s USDT Integration Can Boost TON To New Highs</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Toncoin Price Forecast: How Binance’s USDT Integration Can Boost TON To New Highs

Innholdsfortegnelse

Coingape News Media

Andre artikler publisert på 21. juni 2024

Standard Chartered To Launch Bitcoin, Ethereum Trading Desk As ETF Outflows Continue

LayerZero Team Faces Token Launch Controversy

Blockchain Association objects to IRS broker rule in letter

BlockDAG Declared The Future Crypto Powerhouse After $52.5M Presale Success, Transcending XRP And...

SEC Closes Ether Investigation

Bloomberg Analyst Predicts $1B Influx from VanEck Spot Bitcoin ETF on ASX

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!