Toncoin (TON) Price Prediction 2024: Will TON Reach $10?

Early today trade saw the price of Toncoin (TON) rise to a new all-time high (ATH) of $7.78, indicating that there is more buying than selling pressure on the altcoin in the cryptocurrency market.

 

Positively, the price of tonnecoin has increased by 13.30% in the last day and by 148% in its trading volume. Additionally, during the last week, the altcoin has gained 17.76%, and over the last month, it has gained 30.88%.

 

 

 

 

 

 

 

The bulls gathered steam during the weekend after briefly circling near the crucial support level of $6.325; as a result, the TON price has increased its valuation by 24.71% since then. The altcoin’s value reached a new all-time high because of this.

 

 

After falling behind Cardano (ADA) token in terms of market cap, Toncoin (TON) price has recovered and is now the ninth largest cryptocurrency by market cap, with a 228% return in valuation and a market cap of $18.26 billion.

 

There appears to be a rise in buying sentiment for the TON price in the crypto market, as the price chart in the 1D time frame is consistently supported by the SMA technical indicator.

 

Conversely, the RSI had a strong advance toward the overbought range after successfully retesting its mid-point. In addition, the average displays a bullish curve, which implies that the price will keep going up in the future.

 

 

 

 

 

 

 

Will TON Reach $10 In June?

 

Buyers will be able to maintain their momentum and push prices higher, testing the $8.725 resistance level, if the market stays above the $7.250 support level. If the price stays there for the next few weeks, Toncoin will be able to test its upper resistance level of $10.

 

The TON coin price would lose steam and approach its $7.250 support level in the event that bears prevailed over bulls. Additionally, it is expected to decline further and approach its lower support level of $6.325 soon if bearish sentiment persists and bullish sentiment fails to control.

 

 

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About BTCC

 

BTCC is a leading cryptocurrency trading platform that is distinguished by its ability to balance the simplicity of use with advanced features. It provides a comprehensive educational program through the BTCC Academy, 24/7 customer support, and robust security to both novices and experts. BTCC is a top choice for digital asset investors due to its emphasis on user contentment, which fosters a secure and informed trading environment across a variety of cryptocurrencies.

 

BTCC is one of the few exchanges in the market that offers high-leverage options for investors and concentrates extensively on futures trading. Users have access to more than 300 USDT-margined perpetual trading pairs, which encompass numerous prominent altcoins and meme-coins. Additionally, the platform has recently implemented spot trading to facilitate novice users who may not be acquainted with futures trading.

 

 

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• A Diverse Selection of Cryptocurrencies: BTCC allows customers to access and exchange a wide range of digital assets.
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BTCC Guide:

 

• How to Trade Crypto Futures Contracts on BTCC
• BTCC Guide-How to Deposit Crypto on BTCC?
• What is Crypto Futures Trading – Beginner’s Guide
• What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
• BTCC Review 2024: Best Crypto Futures Exchange

 

 

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