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Toncoinidea

Toncoin (TON)📊 Comprehensive Analysis of Toncoin (TON) 🔍 General Overview: Toncoin (TON) has established itself as one of the most reputable cryptocurrencies in the market since its listing. After a strong bullish trend and setting a new all-time high, the coin entered a mildly sloping descending channel. The price structure indicates a short-term correction phase; however, maintaining support levels and increased trading volumes signal a potential for continued upward momentum. 🕰 Technical Analysis & Current Status 🔸 Movement in the Macro Ascending Channel: Toncoin remains within a large ascending channel, and the current movement in the short-term descending channel is seen as a consolidation phase. 🔸 Breakout of the Midline in the Descending Channel: The price crossing above the midline of the descending channel signals a potential continuation to the upper boundary of the descending channel. 🔸 Key Resistance and Support Levels: The broken weekly resistance led to the formation of a new all-time high. Sustaining the price above the midline of the descending channel could lead to a move toward the upper boundary of this channel. 🔸 Reaction to the Upper Boundary of the Descending Channel: If the upper boundary of the descending channel is broken, the price may target the upper line of the macro ascending channel, potentially driving strong bullish momentum. 🎯 Price Targets (Goals) 🔹 Short-term Target: Reaching the 1.618 Fibonacci level in the green zone. 🔹 Mid-term Target: Moving toward the 2.618 Fibonacci level in the blue zone. 🔹 Long-term Target: Attaining higher levels if the RSI ascending channel is broken to the upside, confirming a continuation of the parabolic move. 📈 RSI Indicator Analysis 🔸 Ascending RSI Channel: RSI is moving within an ascending channel, and a reaction at its midline could act as an entry signal. 🔸 Overbought Zone: If RSI breaks into the overbought zone, the likelihood of reaching the RSI channel's upper boundary increases. This breakout could serve as a strong trigger for continued price growth. 💡 Conclusion and Key Recommendations 🔹 Summary: With its macro bullish structure and the breakout of key resistance levels, Toncoin is well-positioned for further upward movement. However: If the price fails to break the upper boundary of the descending channel, a correction toward lower support levels is possible. 🔹 Recommendations: Capital management and close monitoring of key levels are essential to minimize risks. Entry triggers include breaking the upper boundary of the descending channel and RSI confirmation above its midline in the ascending channel.
Long
by alizeynali69
Can Toncoin (TON) overcome $5.3 barrier and reach $7.9?Like several other cryptos, Toncoin (TON) has also registered promising growth in the last 24 hours. But the token was testing a crucial resistance — a jump above that could lead to a massive surge. However, an unsuccessful test could cause a price drop. Let’s take a look at what’s going on. As per CoinMarketCap, Toncoin’s price surged by barely 4% in the last 24 hours alone. At the time of writing, TON was trading at $5.25 with a market capitalization of over $13 million, making it the ninth-largest crypto. However, despite the price increase, only 15.4 million TON addresses were in profit, which accounted for 26% of the total number of addresses. This stat might change soon if the token manages a breakout. The analysis of Toncoin’s daily chart revealed that it was about to test a resistance level. In case of a bullish breakout, then investors might soon see Ton touching $6.8 again. A jump above that could end up in TON reclaiming $7.9. Santiment’s data also revealed that Toncoin’s supply on exchanges dropped sharply, while its supply outside of exchanges increased. This clearly indicated a rise in buying pressure. Hyblock Capital’s data revealed a similar story. TON’s whale vs. retail delta dropped from 100 to 59; this clearly indicated that whales’ exposure in the market declined in the last few hours, which can be inferred as a bearish signal. What is more, MACD displayed a bullish crossover. The Chaikin Money Flow (CMF) also registered an uptick. TON’s Money Flow Index also followed a similar trend as it went northwards, indicating a price rise in the coming days. in case of a continued price increase, Toncoin might soon touch $5.7. At this point, the token might witness a correction as liquidation will rise. However, in case of a bearish takeover, the token might drop to $3.7 in the coming days.
Long
by paul_endeo
TON Coin ! Correction ?Toncoin is full of news and events on this project's platform Weakness of the uptrend can be observed due to decreasing volume and rising price. The uptrend line, which has moved less and less upwards each time it has been hit, indicates that we can expect a correction. However, once our uptrend line is broken and we consolidate below the $6 Range (daily candle closes), And if you pay attention to RSI the line has a downward trend and this indicator also confirms that we can have a correction Now if this happens, our first target could be the $5.59 Range, then the $(4.8 - 4.59) zone. And if our uptrend line throws the price upwards, we can expect the $(7.5 - 7.88) Range to be broken, in which case our targets could be $10.12 and then $13.58. Please note that the confirmation of the zone is the daily candle close. And know that this is my analysis and is not financial advice at all, there is no 100% in the financial market. I would be happy to hear your opinion as well?
by Crypto-Oracle1
🗺️Toncoin(TON) Roadmap🗺️🔥Today, I want to analyze the Toncoin(TON) project for you. I chose this project because the Notcoin(NOT) token is listed in several exchanges today. 💡You might ask, what does the NOT token have to do with the TON token ❗️❓ 🙏Please be with me 📚 What is Notcoin(NOT)❗️❓ 🔸Around 2018, Telegram developers decided to launch their own layer 1 Blockchain called " Telegram Open Network ," or Toncoin (TON) . After some time, the development and maintenance of this project were entrusted to the TON Foundation, and now a team affiliated with TON has unveiled its new and loud project called Notcoin (NOT) . 🔸 Notcoin (NOT) is a " Play-To-Earn " or P2E cryptocurrency game where users can earn money by playing. Notcoin (NOT) has attracted the attention of a large number of users from the very first days of its introduction. 💡 Toncoin(TON) started falling well from the Resistance lines . 🌊According to the Elliott wave theory , Toncoin(TON) has completed the second corrective wave, which had a Zigzag(ABC) structure on the Resistance lines. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks. 💡Another sign that Toncoin(TON) may continue to fall is that the " SELL signal " was issued by moving SMA(50) and EMA(50) . 📈Before the result, let's take a look at the TONBTC chart . 📈It seems that TONBTC has managed to complete 5 impulse waves , and we have to wait for corrective waves now, which means that if Bitcoin starts a downward trend, the TON token will be more affected, and if Bitcoin goes up. If it has, the TON token will take a less upward trend or even become Range.👇 🔔I expect Toncoin(TON) to continue to fall at least to the 🎯 Targets 🎯 I have outlined on the chart( 🚨➖30%🚨 ). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Toncoin(TON) Analyze (TONUSDT), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Potential Telegram IPO Has Caused a Surge in Toncoin's PriceToncoin ( LSE:TON ) witnessed a remarkable surge, catapulting 38% in just over a day, propelled by the anticipation of a potential initial public offering (IPO) by messaging app giant Telegram. The resurgence of interest in The Open Network (TON) comes amidst revelations by Telegram's CEO Pavel Durov, hinting at significant growth milestones and strategic developments within the messaging platform. As Toncoin's ( LSE:TON ) price skyrockets to new heights, investors and enthusiasts alike are captivated by the implications of Telegram's rekindled connection with TON and the broader cryptocurrency landscape. Telegram's IPO Contemplation: Telegram's consideration of an IPO sent shockwaves across the cryptocurrency market, reigniting enthusiasm for LSE:TON and propelling its price to levels unseen since 2021. Despite past regulatory hurdles, including issues with its initial coin offering (ICO), Telegram remains committed to leveraging The Open Network's capabilities, paving the way for a potential IPO that could democratize access to Telegram's value and maintain its independence from venture capital influence. Toncoin's Meteoric Rise: Toncoin's meteoric rise, surging to $3.84 per token, underscores the market's bullish sentiment towards Telegram's potential IPO and the broader adoption of The Open Network. With Toncoin ( LSE:TON ) experiencing a 19% gain in the past 24 hours and a remarkable 75% increase over the past month, investors are closely monitoring Telegram's strategic moves and the evolving dynamics of the cryptocurrency ecosystem. Telegram's Growth Trajectory: Telegram's exponential growth trajectory, highlighted by a surge in monthly users to 900 million and significant revenue generation from subscriptions and advertising, sets the stage for a promising future. Durov's vision of maintaining independence and democratizing access to Telegram's value through an IPO resonates with stakeholders, reflecting a strategic alignment with the principles of decentralization and inclusivity. Notcoin's Impact and Toncoin's Future: Toncoin's surge coincides with the rising buzz surrounding Notcoin, a viral Telegram game poised to launch its own crypto token on The Open Network. As Toncoin ( LSE:TON ) integrates with Telegram's ecosystem and leverages its burgeoning user base, the future prospects for LSE:TON appear increasingly promising, with potential synergies and partnerships further enhancing its utility and value proposition.
Long
by DEXWireNews