Toncoin

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<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. 
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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

Ďalšie články zverejnené 30. 6. 2024

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