Convergence

bullish

Toncoin

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/toncoin-ton-price-eyes-10-amid-bullish-recovery-in-crypto-market/" rel="noopener noreferrer nofollow">Toncoin (TON) Price Eyes $10 Amid Bullish Recovery In Crypto Market?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market has recorded increased bearish sentiment in the crypto space with top tokens losing momentum. However, the Toncoin price has recorded a jump of over 2% within the past 24 hours. This highlights a strong bullish sentiment for the altcoin in the crypto space.</p>
<p>Moreover, with the rising volatility in the crypto market, will the <a href="https://coinpedia.org/price-prediction/toncoin-ton-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">TON price</a> reclaim the $10 mark and head toward a new all-time high (ATH) during the coming time?</p>
<h2 class="wp-block-heading" id="h-ton-price-on-the-verge-of-a-major-breakout">TON Price On The Verge Of A Major Breakout:</h2>
<p>The <a href="https://markets.coinpedia.org/toncoin/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> has successfully retested its important support trendline, resulting in it forming a symmetric triangle pattern in the 1D time frame. Furthermore, with increased price volatility, this altcoin displays a high possibility of a bullish breakout.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXelrtd0soK36JBkWf1f4qp-pQXZR8KBJ_OCVXetEAhzgp0nqMFeiRByyXET2U_uzwKxbRRPS-O3tY4ROXxitGA9kZl3g0f-0o1d497isq4kqYD211q1y7TcdXCZZNqsreW44I5SlvJn2VFR30N8rOM0OW1k?key=0iwLDJDrfS6y1qpInF04bA" alt="Toncoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: TON/USDT
 </figcaption>
</figure>
<p>With a trading price of $6.784 and a circulating supply of 2,516,682,453 TON tokens, the Toncoin has successfully secured the position of the 9th largest cryptocurrency by market capitalization and is currently valued at $1.704 Billion.</p>
<p>The Moving Average Convergence Divergence (MACD) has displayed a constant decline in the red histogram, indicating an increase in the buying pressure for the altcoin. Furthermore, with a high possibility of a bullish convergence, the indicator hints at a positive outlook this week.</p>
<p>Moreover, the SMA indicator has experienced a bullish convergence in the 1D time frame. This suggests increased bullish sentiment for the Ton coin price in the crypto space.</p>
<h2 class="wp-block-heading" id="h-will-toncoin-price-reclaim-10-this-august">Will Toncoin Price Reclaim $10 This August?</h2>
<p>Suppose, the market gains momentum, in such case, the bulls will break out of the triangle pattern and prepare to test its resistance level of $7.680. Furthermore, if the bulls hold power, the TON price will head toward its upper level of $8.80 in the coming time.</p>
<p>Conversely, if the bears overpowered the bulls, the Toncoin price would test its important support level of $6.415. Moreover, if the bears continue to dominate the market, the altcoin will plunge toward its lower support level of $5.155.</p>

Toncoin (TON) Price Eyes $10 Amid Bullish Recovery In Crypto Market?

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