Toncoin

Read

Propel

<ul> 
 <li>Toncoin rose 22.5% in June, reaching $7.68 due to increased network activity and Play-to-Earn games on Telegram.</li> 
 <li>Whales bought over 45 million TON worth $346.5 million, showing strong investor confidence.</li> 
 <li>Toncoin aims to surpass $7.86 resistance, with potential targets at $9 and $10.5, but risks a 4-5% drop if supply pressure continues.</li> 
</ul> 
Toncoin’s (TON)&nbsp; bullish trend is expected to persist, provided the support trendline on its daily chart remains unbroken. Over the weekend, the cryptocurrency market maintained a neutral stance, showing no decisive moves from either buyers or sellers.&nbsp; 
Bitcoin’s consolidation above the $60,000 mark has resulted in most major altcoins displaying sluggish price actions throughout the week, awaiting a stronger reversal signal. Amidst this market uncertainty, Toncoin stands out with a slightly positive movement, eyeing a breakout above the $7.6 resistance to regain its bullish momentum. 
Despite a market downturn in June, <a href="https://www.tradingview.com/symbols/TONCOINUSD/">Toncoin</a> managed to sustain its bullish momentum, climbing from a monthly low of $6.275 to its current trading price of $7.68, marking a 22.5% increase. This rally has been supported by a surge in network activity, wider adoption, and the introduction of Play-to-Earn games on Telegram, all of which have significantly contributed to its recovery. 
A prominent trader recently highlighted a surge in investments into Toncoin, revealing that whales have accumulated over 45 million TON, valued at approximately $346.5 million, over the past week. This significant accumulation underscores strong investor confidence in the future potential of Toncoin. 
With a modest intraday gain of 1.4%, Toncoin is gearing up to challenge the immediate resistance at $7.86. If buyers manage to turn this overhead resistance into support, Toncoin could potentially surpass the $8.28 mark, with targets set at $9 and eventually $10.5. Conversely, if market supply pressure continues, Toncoin’s price could drop by 4-5%, seeking support at the ascending trendline established in mid-March. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/btc-whales-influence-bullish-crypto-market-trends/">BTC Whales Influence Bullish Crypto Market Trends</a></li>
 <li><a href="https://cryptonewsland.com/top-analysts-view-is-xrp-gearing-up-for-a-5000-rally/">Top Analyst’s View: Is XRP Gearing Up for a 5,000% Rally?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-price-breaks-through-7-month-resistance-eyes-0-75/">XRP Price Breaks Through 7-Month Resistance, Eyes $0.75</a></li>
 <li><a href="https://cryptonewsland.com/what-could-propel-xrp-to-skyrocket-by-over-700-analyst-weighs-in/">What Could Propel XRP to Skyrocket by Over 700%? Analyst Weighs In</a></li>
 <li><a href="https://cryptonewsland.com/pepe-6-weeks-riding-the-ascending-trendline-with-steady-recovery/">PEPE: 6 Weeks Riding the Ascending Trendline with Steady Recovery</a></li>
</ul> 
The post <a href="https://cryptonewsland.com/toncoin-eyes-bullish-continuation-support-trendline-holds-the-key/">Toncoin Eyes Bullish Continuation: Support Trendline Holds the Key</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Toncoin Eyes Bullish Continuation: Support Trendline Holds the Key

Crypto News Land

Outros artigos publicados em 30 de jun. de 2024

Investors Monitor Bitcoin’s Volatility

AI Crypto Lead the Bull Run: What Coins to Buy for 100X Profits?

Crypto Market Prepares for Major Token Unlocking in July

Hamster Kombat and PixelTap Could Mirror Notcoin Listing Success, Traders Expect Significant Gains

Propeller Launches as First dApp Built on River Protocol

21Shares Becomes Second Major Firm To Apply For A Spot Solana ETF This Week

Join our free newsletter for daily crypto updates!