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TON

Toncoin (TON) price analysisToncoin (TON) has recovered after its weekend bloodbath following the news of the arrest of Telegram founder Pavel Durov. As a result, TON plummeted from $6.73, dropping almost 12% on Saturday and 2.93% on Sunday to end the weekend at $5.76. As we can see in the price chart, TON faced significant selling pressure on Saturday and Sunday, hitting lows of $5.45 and $5.26, respectively. The current week began with TON still languishing in the red, dropping below the 200-day SMA after a drop of almost 11%. Monday’s crash also saw TON slip below $5.50 and settle at $5.14. TON rallied on Tuesday as buyers returned to the market thanks to strong lower-level demand, rising over 6% and settling at $5.45. The altcoin faced substantial volatility on Wednesday, dropping to a low of $5.13 and a high of $6.04 before settling at $5.54 after an increase of 1.58%. The current session sees TON up by 1.24% as it struggles to move above the 200-day SMA, acting as a dynamic resistance level. With Durov granted bail on Wednesday, market watchers were hopeful it would have a positive impact on the TON price. However, there is no indication of a rally, with large wallet holders remaining skeptical and dumping around 123 million TON in the past 24 hours. As such, the sentiment around TON remains bearish.
by paul_endeo
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO. At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%. In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
by Rick_SimpleSwap
BNB VS TON Friends, let's take a look at the market situation for two popular cryptocurrencies — BNB (Binance Coin) and TON (Toncoin). The charts show that both coins have very similar price movement structures, which could indicate potential opportunities. If we analyze the mechanisms of these coins, they are almost identical, but the TON chart lags behind BNB. Despite the news about Telegram, I see a lot of potential in the TON coin and expect its price to exceed $10 this fall. I’ve shown why I believe this on the chart.
Long
by Du_Trade
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown: Key Elements: 1. Best Entry Zone (5$) 🚀: - The chart indicates that the $5.00 level is considered the "best entry" point for opening a long position, suggesting that the trader expects a price reversal or an upward movement from this level. 2. Take Profit 1 (TP-1) 🎯: - The first take profit target is at $5.543, meaning that once the price reaches this level, traders may choose to lock in some profits. 3. Take Profit 2 (TP-2) 🎯: - The second take profit target is at $6.144, where further profit can be taken if the price continues to rise. 4. Take Profit 3 (TP-3) 🎯: - The third and highest target is set at $6.731, which suggests a more ambitious profit target if the price continues its upward momentum. 5. Stop Loss (SL) 🛑: - The stop loss is placed just below $4.627, meaning that if the price drops to this level, the trade will be closed to limit losses. Summary: - Entry: Around $5.00 (best entry). - Take Profit Targets: - TP1: $5.543 - TP2: $6.144 - TP3: $6.731 - Stop Loss: $4.627 This is a simple risk management strategy where the trader aims to catch a bounce from the $5.00 level with multiple profit-taking points on the way up and a defined exit if the price moves against them.
Long
by ahmadarz
6
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points. Support Levels $4.60: A historically strong support level, indicating potential buying interest at this price. $3.30: While untested, it could offer robust support based on past performance. $2.15: This is the most critical support level. A break below this could signal a more extended downtrend. Entry Strategies Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk. Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities. Additional Considerations Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market. Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price. Conclusion While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions. Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Aug 25Overview: The FRED:SP500 closed Monday with a red candle, erasing last week’s Friday gains. Durable goods orders were reported today, showing the highest increase since July 2020. This indicator reflects the amount of new orders placed with manufacturers for durable goods expected to last at least three years, such as automobiles, appliances, electronics, and machinery. An increase in durable goods orders typically signals business confidence and a willingness to invest in long-term assets. However, this rise was driven mainly by automobile purchases; excluding cars, the figure was down 0.2%. Global liquidity has been increasing for the past 60 days. The last time we saw such a sustained rise was from the end of October 2023 to mid-January 2024, which marked the start of the current bull market. This is a bullish signal. W: The BINANCE:BTCUSD price has reached the lower bound of the current range, 63k-64k. D: Monday closed with a red candle. The lack of a lower wick is concerning, suggesting that bears pushed the price down throughout the day without giving bulls a chance to buy back. It closed slightly below the W level of 63k, at 62.8k. 4h: The price is at the bottom of the Bollinger Bands (BB). A rebound is needed, but it’s not happening yet. The price is trading below the W level. While this isn’t a significant issue for the W candle, it’s crucial for the 4h to stay above 63.1k. 1h: The RSI has touched the oversold level of 30. This is a bullish signal. Alts Relative to BTC: There’s no significant divergence. Some altcoins corrected less ( BINANCE:SOLUSD , BINANCE:NEARUSD ) while others corrected more ( BINANCE:SUIUSD , BINANCE:FTMUSD ), but in the early hours of Tuesday, almost all have recovered to their highs after the recent pump. Bull Case: This isn’t a bull trap, and we’ll see a climb on low trading volume. Whales might hold on, waiting for interest rate cuts, or they could start selling just before the cuts. Bear Case: This is a bull trap unfolding, with fewer bulls willing to hold this price level. Fear and Greed Index: 53.61. This is a 'no trade' zone if you prefer to buy low and sell high with the highest conviction. Prediction: Undecided. Opportunities: BINANCE:AAVEUSD : At W level $128. Bullish. BINANCE:MKRUSD and BINANCE:UNIUSD : Both are holding strong W levels that predate BTC ETF demand. Bullish. BINANCE:TAOUSD : Drawing a MACD divergence on D and 1h, with the W level of $361 being rejected for the third time. Bearish.
COINBASE:BTCUSD
by EvgenCapital
NOT / NOTCOIN🔍 NOT/USDT Analysis: 1-Hour Timeframe 📉 The NOT/USDT chart on a 1-hour timeframe indicates important upcoming dates where price movements may present trading opportunities. It’s crucial to consider these signals alongside higher timeframes for a more comprehensive market analysis. • August 27, 2024, 05:00, and September 2, 2024, 00:00 - Green Lines: These times suggest potential local lows. Traders may find favorable conditions to accumulate NOT or consider entering long positions. When working within this 1-hour timeframe, remember that these movements should be evaluated with a global perspective, incorporating insights from higher timeframes to better understand the overall market trend. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
TONUSDTHere’s a sample analysis text for the TON/USDT pair based on the 1-hour timeframe chart you provided: 🔍 TON/USDT Analysis: 1-Hour Timeframe 📉 The TON/USDT chart on a 1-hour timeframe indicates key upcoming dates where price movements may provide trading opportunities. It’s essential to align these signals with higher timeframes for a holistic view of the market. • August 26, 2024, 21:00, August 28, 2024, 21:00 - Green Lines: These times suggest potential local lows. These moments might offer favorable conditions for accumulating TON or entering long positions. When dealing with this 1-hour timeframe, remember that these movements should be analyzed within the context of higher timeframes to gain a comprehensive understanding of the overall market trend. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Aug 24Overview: As we begin the last week of August, we might be heading into a very turbulent period. On one hand, BINANCE:BTCUSD hasn't even broken its previous bull run's all-time high when adjusted for inflation. Neither the halving nor ETF demand was enough to push crypto higher, and now we have some altcoins like BINANCE:AVAXUSD trading 30% below their January 11th BTC ETF levels. On the other hand, the FED is finally planning to cut rates on September 18th, which could potentially loosen the printing press. Remember when it was going "BRRRR"? Well, it technically never stopped—just in the form of government spending. Unfortunately, that windfall doesn’t seem to reach speculative assets. Congratulations on last week’s gains, with some coins such as COINBASE:ARBUSD , BINANCE:MATICUSD and BINANCE:AVAXUSD posting +30% gains. If you bought the dip, this is a great moment to take some profits, or at least move your SL higher. This Sunday was the first in four weeks that didn't post a red candle, as we noted in a previous letter. But it wasn’t very green either, closing with a 0.11% doji. The red candle was merely postponed to Monday morning. The U.S. Employment Report on Friday, September 7 at 8:30 am is crucial because it will provide key insights into how the recent interest rate hikes are affecting the labor market, particularly regarding rising unemployment and jobless claims. As the Federal Reserve continues its tightening policy, this report could signal whether the economy is heading toward a slowdown, which would influence future monetary policy decisions. Quick note regarding BINANCE:TONUSD On August 20th, we mentioned that it "finished drawing its 'Motive' part of Elliott's wave pattern. In about 40 hours, it might finish drawing the B wave, presenting a short opportunity that will last throughout the C wave down." Unfortunately, the market witnessed the C wave not because of Elliott's wave but due to Pavel Durov being arrested by French police the moment his plane landed. TON crashed that day by 18.40%. Although Pavel isn’t the founder of TON, he is closely affiliated with it. W: Reached BB MA. If bulls can hold the $63.1k level, there’s a chance for a 4th wave to $70k. D: Held the important bullish W level of $64k. It’s better to have that buffer between $63k and $ 64k for bulls to regroup and go on the offense again. Currently at the upper bound of BB. If the next W level of $63.1k doesn’t hold and it corrects to BB MA, it will hit the D level of $61.8k. 4h: Losing the $ 64k level early Monday morning in the U.S. 1h: MACD divergence yesterday, on the 25th at 8 pm NYC time. We are now seeing the result of that divergence. Alts Relative to BTC: Altcoins didn’t hold as well as BTC over the weekend, correcting from the heights of the pump: BINANCE:UNIUSD 10% BINANCE:SUIUSD 9.56% BINANCE:NEARUSD 8.25% Bull Case: BTC holds W levels and continues pumping with new strength toward $68.2k. Bear Case: This was a classic bull trap—one last breath, one last wave, one last pump before a free fall toward $52.2k. Fear and Greed Index: 56.2. We’ve been bouncing in the Neutral zone since May 19th with occasional and insignificant peaks into the Greed territory. However, even this chart has been drawing lower highs and lower lows. Prediction: BINANCE:BTCUSD corrects to $61.7k Opportunities, at W, 4h Divergences of Major Alts: Since BINANCE:NEARUSD broke through its W resistance of $4.38 during the recent pump, it’s very likely to return to that level, which should at least become new support. This presents an 8.62% short opportunity. BINANCE:SUIUSD has drawn a MACD bearish divergence on the D timeframe and has also just hit its W resistance level of $1. TP at $0.85, which is 10.00% away. BINANCE:TAOUSD reached its upper W resistance. Correction to D level $304 could produce a 12.51% return. BINANCE:FTMUSD is at its resistance level. There’s an opportunity to make 17% by shorting to its next W level of $0.40.
COINBASE:BTCUSD
by EvgenCapital
Telegram Faces Challenges Amid Pavel Durov’s ArrestThe recent arrest of Pavel Durov, co-founder and CEO of Telegram, has sparked a wave of controversy and speculation across the tech and crypto communities. The arrest in Paris, reportedly linked to allegations of platform abuse, has led to a resurgence of an old hoax claiming Apple might remove Telegram from the App Store. This has caused significant fluctuations in the value of Toncoin ( CRYPTOCAP:TON ), the cryptocurrency associated with Telegram’s blockchain. Apple's Stance and the Hoax Debunked Rumors of Apple removing Telegram have been circulating, fueled by the recent arrest of Pavel Durov. However, these rumors are baseless. Apple has officially stated that it has no plans to remove the Telegram app, debunking the latest wave of misinformation. Social media and X Community Notes have clarified that these posts echo a similar hoax from 2021. Telegram’s Defense and Community Response Telegram has responded robustly, asserting that it abides by all EU regulations and condemning the allegations against Durov as unfounded. The company emphasizes that Durov's arrest has been met with strong backlash, not just from the public but also from industry leaders and celebrities. Prominent figures such as Elon Musk, Robert F. Kennedy Jr., and Andrew Tate have voiced their support for Durov, criticizing what they see as an attack on freedom of speech and privacy. Impact on Toncoin ( CRYPTOCAP:TON ) and Market Movements The arrest has had a notable impact on Toncoin ( CRYPTOCAP:TON ), which saw a sharp 20% drop in price following the news. As of now, TON is trading at $5.64, slightly recovering from its low. This price volatility reflects the uncertainty and reaction within the crypto market. Meanwhile, Resistance Dog (REDO), a cryptocurrency associated with the Digital Resistance campaign to support Durov, has surged by 160%, highlighting a strong community-driven response. Technical Aspects and Market Sentiment The current technical landscape for Toncoin ( CRYPTOCAP:TON ) shows a significant drop in trading volume alongside the price decline. Despite this, the slight rebound indicates some resilience in the market. The broader crypto community's support for Durov, including notable figures pledging funds for his legal defense, underscores the high stakes involved. The market sentiment is closely tied to the ongoing campaign to #FreeDurov and the broader implications for privacy and censorship in the digital age. Industry Leaders Rally for Support The #FreeDurov campaign has gained momentum, with substantial backing from the tech industry and cryptocurrency community. Elon Musk and Robert F. Kennedy Jr. have been vocal supporters, emphasizing the importance of protecting free speech and criticizing the perceived overreach by authorities. Additionally, Justin Sun and Memeland have committed significant resources to support Durov’s legal battle, further highlighting the strong ties between the Telegram and DeFi communities. Conclusion Pavel Durov’s arrest has not only triggered a wave of support but also brought to light the challenges facing Telegram and Toncoin ( CRYPTOCAP:TON ). As the situation unfolds, the response from industry leaders and the crypto community will be crucial in shaping the future of both Telegram and its associated cryptocurrency. The developments underscore the complex interplay between technology, privacy, and regulation in today's digital landscape.
by DEXWireNews
TON Toncoin the next FTX/ LUNA ?! CEO Pavel Durov Arrested ! If you haven`t bought TON before the brekout: Now the recent arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the cryptocurrency world, particularly concerning the future of TON coin. Durov's arrest stems from allegations by OFIM, a French national police office, accusing him of complicity in crimes such as drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram's lack of moderation. This development raises serious concerns about TON coin's stability. Investors fear a sharp decline, drawing parallels to the collapses of FTX and LUNA, which suffered massive selloffs following high-profile scandals involving their founders. With Durov as the face of Telegram and a key figure in the TON ecosystem, his legal troubles could significantly erode confidence in the cryptocurrency. The arrest could lead to increased regulatory scrutiny of Telegram, potentially causing further issues for TON coin. In the short term, investors should brace for potential volatility, as the risk of a selloff looms large. The future of TON coin now hinges on how Durov's legal situation unfolds and whether Telegram can withstand the resulting pressures.
Short
by TopgOptions
TONUSDT 1H - Impact of Durov's ArrestTONUSDT on the 1-hour chart shows a sharp downward movement, clearly influenced by the arrest of Pavel Durov, founder and CEO of Telegram. The news caused panic among investors, resulting in a massive sell-off of TON, as seen on the chart. Before the drop, the price of TON was in an accumulation phase, with a strong upward trend, as highlighted in the first accumulation zone. However, the news of Durov's arrest triggered a breakout of this accumulation, causing the price to fall sharply. After the large sell-off, TON found temporary support at the $5.245 range, where it began a new accumulation period. This accumulation is marked by an attempt by the market to absorb the initial shock and stabilize the price. The MACD shows negative momentum, but with signs of a possible reversal, indicating that the market may be trying to recover from the sharp drop. The current accumulation may be a sign that investors are starting to gain confidence again. However, the market is still in a state of uncertainty, and further price movements may depend on more information about Durov's situation and the community's response.
Long
by ferulianov
TON → there is no risk for toincoin so farhello guys. Let's analyze OKX:TONUSDT Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move. Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move. Bearish Scenario: If the price breaks below the neckline, the target for the downside is around the $3.10 level. This level is marked as the "target of breaking down" and could act as strong support if the price reaches it. Bullish Scenario: If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels. Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction. This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
NOTcoin chartAnalysis by Amadarz✅ This chart for NOT/USDT suggests a bearish trend that is now consolidating, with a descending trendline. Here's a breakdown of the setup: 1. Current Price : 0.01061 USDT 📉. 2. Trendline Break : The setup is recommending to wait for a break of the descending trendline ⏳ before entering a long position. This is crucial as it would signal a potential trend reversal or bullish continuation 📈. 3. Second Entry : There’s a potential second entry at 0.00912 USDT 🚪, a key level based on previous support. 4. Target Levels 🎯: - TP1 : 0.01114 USDT 🟢 (minor resistance level). - TP2 : 0.01229 USDT 🟢 (further resistance). - TP3 : 0.01435 USDT 🏁 (approaching a significant resistance). 5. Stop-Loss Zones : Recommended stop-loss is between 0.00907 USDT and 0.00857 USDT 🔴, just below the recent major swing low. Key Observations: - Risk Management : The stop-loss below 0.00912 ensures solid risk control 🔒, protecting your downside below the recent low. - Action Plan : If the trendline breaks with strong volume or bullish confirmation 🚀, consider taking profits at the targets in sequence, with TP1 being conservative, and TP3 offering the maximum reward 🎉. Keep an eye 👀 on the volume and price action around the trendline for confirmation of the breakout!
Long
by ahmadarz
6
Honestly, I don't feel like explaining, the chart says it all !!If it closes below the midline this week, price may see the bottom of the channel. maybe... ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard