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"Inverse Head and Shoulders" Pattern: Is a Rally on the Horizon?In the latest technical analysis, a bullish "Inverse Head and Shoulders" pattern has appeared. The price started at $6.8, dropping to $5 to form the left shoulder. It then rebounded to $6 before falling to a low of $4.4, marking the head. From there, the price surged back to $5.9, creating the right shoulder. This pattern is often a strong indicator of a potential bullish reversal, signaling a possible upward move. Traders are now eagerly watching for a breakout above resistance levels, which could confirm the continuation of the uptrend. Will this be the beginning of a new rally? The next price movement could set the stage for the market's short-term bullish momentum.
Long
by MohammadNVB
Telegram Set to Tokenize and Stickers Emojis on TON BlockchainTelegram has announced its intention to tokenize its emojis and stickers using the TON blockchain, a move that is expected to enhance user engagement and monetization opportunities. The move is part of a broader strategy to create an interactive and financially inclusive platform that allows users to develop applications, tools, and businesses within the Telegram ecosystem. The tokenization of the user namespace on the TON blockchain has already generated $350 million in sales, and Telegram is now looking to expand this model with the tokenization of its digital assets. Users will be able to possess, trade, and monetize their digital stickers and emojis on the TON blockchain. In addition to tokenization, Telegram plans to change its revenue model with content creators by introducing an Ad Network that will share ad revenue generated from advertisements on broadcast channels with the channel owners in the proportion of 50%. This approach makes Telegram one of the social media platforms with the most liberal revenue-sharing arrangements. Telegram's adoption of TON's blockchain technology is expected to lead to radical changes in conducting digital advertising, allowing the bypass of in-app purchase systems through which major app stores exert control. To further enhance its blockchain functionality, Telegram has integrated the Tether ( CRYPTOCAP:USDT ) stablecoin and launched a gold-pegged stablecoin, Tether Gold ( SEED_DONKEYDAN_MARKET_CAP:XAUT ), on the TON network. This integration will provide users and merchants with a more flexible way of transacting within the application. Moreover, Telegram has expanded its payment options by integrating more than 40 payment providers, including Stripe, to diversify available payment methods and enhance the platform's ability to facilitate commerce. This expansion will provide a robust infrastructure for users to buy and sell goods and services globally. In summary, Telegram's adoption of TON's blockchain technology and the tokenization of its digital assets are expected to create an interactive and financially inclusive platform that allows users to engage in commerce and content creation within the Telegram ecosystem. The integration of stablecoins and payment solutions will provide users with more flexible transaction options, further enhancing the platform's functionality. Technical Outlook Despite the recent development, The Open Network Token ( CRYPTOCAP:TON ) is trading below the 200, 100 & 50- Day Moving Averages respectively indicating the bears are on the verge of taking over. Further accentuating the bearish momentum is the Relative Strength Index (RSI) which seats at 43. However, the daily candle stick indicates a "Hammerhead" pattern indicating continuation of the bullish trend in the short term.
Long
by DEXWireNews
The Rise, Fall, and Resurgence of TONIn the tumultuous realm of cryptocurrencies, few projects have elicited as much excitement, controversy, and speculation as the Telegram Open Network ( LSE:TON ). From its ambitious inception to its legal battles and recent resurgence, the journey of TON is a testament to the volatile nature of the crypto landscape. ICO Triumph and Legal Turmoil: Telegram's initial coin offering (ICO) in 2018 raised a staggering $1.7 billion, signaling widespread investor enthusiasm for the project. However, the SEC's legal intervention in 2019 cast a shadow over TON's future, alleging violations of securities laws and forcing Telegram to abandon its blockchain ambitions. Revival Amidst Adversity: Despite regulatory setbacks, LSE:TON resurfaced in 2023 with the launch of its crypto wallet and integration into Telegram's messaging platform. The announcement sparked a surge in Toncoin's price, underscoring renewed investor optimism in TON's potential. Monetizing Content with Toncoin: Telegram's foray into content monetization through Toncoin represents a bold move towards empowering content creators and channel owners. With plans to reward ad displays in Toncoin and open its ad platform to channel owners globally, Telegram aims to unlock new revenue streams while enhancing user engagement. Price Dynamics and Future Prospects: Despite past volatility, TON's recent price surge and growing ecosystem activity signal a potential resurgence. Speculation surrounding Telegram's IPO and bullish market sentiment hint at the possibility of TON surpassing the $10 mark in the near future. Navigating the Future: As LSE:TON navigates regulatory hurdles and market dynamics, its success hinges on regulatory compliance, technological innovation, and community engagement. With its fate intertwined with Telegram's vision and market sentiment, TON's journey continues to unfold amidst a backdrop of uncertainty and opportunity.
Long
by DEXWireNews
2
Toncoin Faces Turbulence as Spain Temporarily Bans TelegramToncoin (T NASDAQ:ON ) investors were met with turbulence as Spain's High Court ordered the temporary suspension of Telegram services in the country. This move, prompted by complaints from media companies regarding unauthorized content distribution on the platform, sent shockwaves through the Toncoin market, leading to a significant price drop. Spain's High Court Halts Telegram Services: The decision to suspend Telegram services in Spain stems from grievances raised by prominent media companies, including Atresmedia, EGEDA, Mediaset, and Telefonica. Allegations of unauthorized content distribution prompted Judge Santiago Pedraz to order the temporary ban, pending further investigation. With Telegram being the fourth most-utilized messaging service in Spain, this development marks a significant setback for the platform and its affiliated projects, including Toncoin. Toncoin Price Takes a Hit: In response to the news of Telegram's suspension in Spain, Toncoin ( LSE:TON ) experienced a rapid decline in its native token price, plummeting by over 5% within hours but gradually spiked by 10.66% currently trading at $4.91. Toncoin ( LSE:TON ) is exhibiting a Trend reversal after plummeting by 5% hours later the asset surged by about 11% with a Bullish Relative Strength Index (RSI) of 75. This downturn comes despite recent positive developments surrounding Telegram, such as its IPO plans and successful bond sales, which raised $330 million in investment. However, the fallout from the suspension highlights the vulnerability of Toncoin ( LSE:TON ) to external regulatory pressures and underscores the importance of regulatory compliance in the cryptocurrency space. Navigating Uncertainty: Despite the setback, Toncoin's price trajectory exhibits signs of resilience, with a 10% increase over the past 24 hours and a 27% surge within the week. This resilience is fueled by recent announcements, including the $115 million TON distribution and the launch of Telegram's advertising platform. These developments signal potential avenues for Toncoin's adoption within Telegram's ecosystem, driven by advertising revenue opportunities and the platform's expanding user base. Opportunities Amidst Adversity: While Spain's suspension of Telegram services poses immediate challenges for Toncoin, it also presents opportunities for strategic adaptation. Investors and stakeholders can leverage this moment to reassess Toncoin's regulatory compliance measures and strengthen its positioning within Telegram's ecosystem. Furthermore, continued innovation and partnerships can mitigate the impact of regulatory uncertainties, ensuring Toncoin's long-term viability and resilience in the face of external disruptions.
Long
by DEXWireNews
Don't Miss "Telegram" Crypto for 700M+ Users, Actively DevelopedAs someone who was previously very optimistic about Stellar, I have found myself disappointed with the slow development speed of the project. Even Stripe, a major supporter of Stellar, no longer mentions it on their website (stripe.com). One example of this slow development is the complete halt of the development of zero-knowledge smart contracts (github.com), which was an exciting possibility for the project. The developer (twitter.com) of this feature even moved over to develop on the Telegram Open Network (TON) ecosystem. TON is an attractive investment opportunity for several reasons. Firstly, Telegram, the messaging app, already has 700 million monthly active users as of June 2022, which means that all of them have access to TON already, providing a large user base for the cryptocurrency. Additionally, TON's underlying technology is designed to process millions of transactions per second, making it one of the fastest and most efficient cryptocurrencies on the market. The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing - all major advantages as they allow for greater security and decentralization. Another important factor to consider is the team behind TON, particularly the Durov brothers, Pavel and Nikolai, who have already shown their success in the tech industry with their previous project, VK, which is often referred to as the "Russian Facebook". Pavel Durov, in particular, is often referred to as the "Russian Mark Zuckerberg" due to his entrepreneurship and success in the tech industry. It's worth mentioning that TON is backed by a team who has a proven track record, unlike some of the big tech companies like Facebook who abandoned their crypto project, Diem (Libra). Having such a successful team behind TON adds to its potential for success in the crypto space. In summary, Telegram Open Network (TON) is an attractive cryptocurrency investment opportunity that is actively developing and updating its technology. TON's underlying technology, large user base, and successful team behind it make it a strong contender in the crypto space. If you're looking for a cryptocurrency investment, TON is worth considering.
Long
by Majnoonu
1
TON Blockchain Integrated Into Bitget Wallet As Its BlockchainThis addition will provide seamless access for 12 million users to the TON network opportunities, allowing them to manage assets and make on-chain transactions. Bitget Wallet adds TON blockchain support Bitget Wallet, the leading Web3 wallet, announced the integration of the TON blockchain to enhance Web3 users' experience. Created by the Telegram team, TON boasts high scalability, reaching for millions of transactions per second (TPS) to serve multi-million user bases. The Open Network is a revolutionary technology to unite all blockchains and the internet into one open network. This outstanding performance positions TON as a pivotal force in the Web3 and digital landscape. By fostering a Web3 ecosystem within Telegram, TON bridges Web2 and Web3, advocating for widespread cryptocurrency and decentralized technology adoption. Bitget Wallet's backing of TON showcases comes as part of its global effort to contribute to increased adoption of digital assets and Web3 technology. This reflects Bitget Wallet's continual dedication to providing user-friendly and accessible product encounters, enabling its users to seamlessly enter the Web3 sphere. More joint initiatives to kick off In the nearest future, Bitget Wallet plans to expand user access to TON opportunities, including a wider range of DApps, tokens, and introducing trading features such as candlestick chart. The wallet also intends to launch innovative products like the Telegram Red Packet feature, leveraging TON and Telegram's capabilities. With a global user base exceeding 12 million, Bitget Wallet ranks among the world's most popular crypto hot wallets. It became the fourth-largest position in global downloads in October. The integration with the TON mainnet is poised to further boost liquidity and expand the user base of the TON network. Given the TON technological potential and promising market performance, the integration opens up new perspectives for such Web3 gateways as Bitget Wallet. In September, against unfavorable economic events, TON token’s price increased by 15%.
Long
by DEXWireNews
✴️ The Open Network - TONUSDT (Name Your Altcoin #46)The Open Network (TONUSDT) has been in a strong uptrend... Volume has been dropping yet it remains above all the moving averages with a strong RSI, the bullish bias intact. The chart is pretty young here and this limits our analysis, so I can only share with you few details as we have no long-term data. The blue levels marked on the chart are for support. These levels are irrelevant unless there is a strong drop. As long as TONUSDT is trading above EMA50 ($2.259) and EMA10 ($2.305), we only focus on the bullish side. Even though we have little history I can still extract some targets. 71% first followed by 125% from the current price. We have a beautiful ascending channel and a nice bottom pattern June/July last years. With Bitcoin breaking up strong; With the Altcoins following suit and moving up; The Open Network is likely to join the party and also grow. Regardless of any type of speculation, for trading we prepare by setting some targets and a stop-loss. If it drops we take action, we also take action if it goes up. Answering questions such as: What to do if TONUSDT hits $4.000? Sell, but how much? What to do if it drops below EMA100 ($2.111)? Hold, but for how long? Sell and take the loss? What if it bounces back and start moving up again? Visualizing an answer to these questions before-hand can prepare you for all scenarios and help you make better decisions when it matters most. Thank you for reading. This is shared exclusively for learning and entertainment purposes only. Not financial advice. Namaste.
Long
by AlanSantana
2
TONUSDT Buy the pull-back aim for $2.900.*** *** For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TON has been following the exact projection we made on our previous analysis on October 21: As you see the price did break above the 1D MA50 (blue trend-line) and instantly made a strong rise. The 1D RSI is on a strong rise, and similar past sequence have ended on in Higher Highs within the Bullish Megaphone pattern that TONUSDT has been trading in since the June 19 Low. Even the MACD has been printing a similar formation. We expect this to kick-start a similar rebound to a new Higher High, in which case it can be massive. The previous one topped just above the 2.0 Fibonacci extension level. If the pattern continues, the next Fib (3.0) is at 2.900 or at least the 2.0 Fib from the recent November 10 low which is at $2.690. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
TONUSDT Massive break above the 1D MA50. Potential +100% rise!*** *** For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TON is currently testing the 1D MA50 (blue trend-line) for the second day in a row. This test is carried out while the 1D RSI is on a strong rise, similar to those of July 26 - 31 and June 18 - 21. Those rises staged the Higher Highs of the Bullish Megaphone pattern that TONUSDT has been trading in since the June 19 Low. Even the MACD has been printing a similar formation as the one that preceded the July 26 Low. A closing above the 1D MA50 can potentially kick-start a similar rebound to a new Higher High, in which case it can be massive. The previous one topped just above the 2.0 Fibonacci extension level. If the pattern continues, the next Fib (3.0) is at 2.900, with such a move representing a potential +100% rise! The Risk/ Reward Ratio is excellent on this break-out trade. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1