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Toncoin

Toncoin price rise above $6: possibilitiesToncoin’s (TON) price recently failed to breach the crucial resistance level of $6.00, a key psychological barrier. Although the altcoin reached $5.96, it could not sustain the momentum needed to flip this level into support. Despite this setback, the possibility of recovery remains, with Toncoin still holding the potential for upward movement. The macro momentum for Toncoin has started to show signs of weakness. Moving Average Convergence Divergence (MACD) indicator, widely used to gauge momentum, suggests that bullish momentum is dissipating. The receding green bars on the histogram point to this loss of momentum, indicating a weakening bullish trend. Toncoin is currently trading at $5.81, having recently failed to breach the resistance at $5.96. This resistance is pivotal for the cryptocurrency, as breaking past it would pave the way for an attempt to cross the $6.00 mark, a level that remains elusive. Despite the failed breach, Toncoin still has a chance at flipping $5.96 into support. If successful, this could trigger a rally that would push the altcoin higher, with $6.36 being the next target for bullish investors. However, if Toncoin fails to break $5.96 again and bullish momentum continues to wane, the asset may enter a consolidation phase. This could result in Toncoin trading between $5.37 and $5.96, potentially invalidating the current bullish outlook.
Long
by paul_endeo
TON : The prospect of increasing?BINANCE:TONUSDT As you can see, the price has risen after reaching the support level, and this could be the beginning of a 5-wave upward movement. The completion of the downward waves (abc) ,increases this bullish signal. Analysis Summary: Current Situation: The price has risen after reaching the support level, indicating a potential bullish reversal. This upward movement could be the start of a 5-wave bullish pattern. Wave Structure: The chart indicates the completion of the downward corrective waves (A, B, C), increases the likelihood of a bullish trend, as the market may now enter the 5-wave upward movement. Potential Scenarios: Bullish Scenario: If the price continues to rise, it could follow the 5-wave pattern, indicating a strong bullish trend. This would mean higher highs and higher lows, confirming the upward movement. Key Levels to Watch: Traders should monitor the support level to ensure it holds. If the price stays above this level and continues to rise, it confirms the bullish scenario. Conclusion: The chart combines support levels and Elliott Wave Theory to predict a potential bullish trend. The rise in price after hitting the support level and the completion of the downward waves suggest that the market may now enter a 5-wave upward movement, indicating a strong bullish signal. ✨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!!
Long
by CobraVanguard
1
DOGS/USDT Price Analysis: Potential Reversal at Key Resistancehello guys. Descending Channel: The price has been consistently trading within a downward-sloping channel, reflecting a bearish trend that has been dominating the market for the past few weeks. Attempted Breakout: The price is currently testing a breakout from the descending channel, hinting at a potential shift in momentum. Ascending Channel: An ascending channel is forming. Key Resistance Level: There’s a strong horizontal resistance zone near $0.00094. This level could act as a barrier to further upward movement. Support Zone: The $0.00077-$0.00078 region has been tested multiple times, confirming it as a key support area. Summary: Price has been following a descending channel, indicating a bearish trend. A short-term ascending channel has formed, suggesting a potential recovery. Key resistance at $0.00094. Support at $0.00077-$0.00078 level. ___________________________ ✓✓✓ 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
Long
by melikatrader94
15
Bearish on TONUSD: 58% to 97% Probability of Hitting TP1!Toncoin (TON) is currently facing several bearish pressures in the market: Key Fundamentals - Declining trading volume indicates waning investor interest - Price action below key EMA levels (20-day, 50-day, and 100-day) reinforces bearish sentiment - Recent completion of a Death Cross on the daily timeframe, the first since May 2023, suggests potential for further downside - Broader cryptocurrency market uncertainty and regulatory concerns are affecting altcoins like TON I'm employing probability-based analysis on my charts to strategically enter short positions on TONUSD. 3D: Hourly timeframes: Please feel free to share your ideas and thoughts!
CRYPTO:TONUSDShort
by Jasminex1x2
1
Toncoin (TON) price analysisToncoin’s (TON) price has seen relative stability in recent price action, holding firmly above the $5.49 support level. However, for true recovery and significant growth, TON needs to flip the $5.96 resistance into support. Only after crossing this threshold can TON unlock its potential to deliver substantial profits to investors. Toncoin is on the verge of a major profit breakthrough, potentially bringing billions of dollars into the market. Data from the Global In/Out of the Money (GIOM) indicator reveals that around 773 million TON tokens, worth approximately $4.2 billion, were purchased between the price levels of $5.41 and $5.94. If TON manages to break past the $5.96 mark, the entire supply purchased within this range would turn profitable. This surge in profitability could lead to increased bullish sentiment, as investors who have been holding Toncoin for an extended period would be incentivized to maintain their positions. This scenario could further drive up demand, pushing Toncoin’s price higher as more investors enter the market to capitalize on potential gains. Given the current sentiment, Toncoin is expected to continue consolidating between $5.49 and $5.96. This sideways movement will likely delay any breakout above the upper limit, potentially keeping the token in its current range for a while. However, if bullish momentum overtakes bearish sentiment, Toncoin could breach the $5.96 barrier. This move would trigger profits for holders of the $4 billion worth of TON supply bought between $5.41 and $5.94, thus invalidating the bearish-neutral outlook and setting the stage for further gains.
Long
by paul_endeo
Toncoin/USDT: Bearish Breakdown Threatening Key Support Levelhello guys. I said my perspective about ton before: let's go through the lower level: The price of Toncoin (TON) is facing resistance from a descending wedge pattern, with multiple rejections from the upper boundary. Price has not engulfed the previous highs, indicating that bulls are losing momentum and a breakout to the upside is less likely for now. Fibonacci retracement levels are drawn, with the 0.618 level acting as a strong resistance zone. If the current support (marked with the trendline) breaks, it could confirm a bearish continuation. The first major target to the downside is the $5.17 level, which aligns with previous support. A further breakdown could drive the price towards the $5.00 psychological support, a critical zone for bulls to defend. A breakdown below $5.00 would open the path for deeper bearish targets. Summary: Descending wedge pattern with no bullish engulfing. Price is testing support; a break could lead to a significant downside move. Key support levels at $5.17 and $5.00. Bearish continuation if these supports fail. ___________________________ ✓✓✓ 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
Short
by melikatrader94
1
TONCOIN: $10 Possible!Hello traders, I hope you all are doing well. TONCOIN is under a rising wedge pattern and is leaning toward the support trendline. It would be a 30% drop if TON reached the support trendline of $3.8. This range is a good accumulation zone for TON. If we can get TON at the price point of the lower support of $2.56 then it will be awesome. With the current price of TON at $5.5, a breakout above the 50 EMA resistance will likely invalidate the drop and the price could seek for a higher rally. In the end, whether TON starts to rally from CMP or the lower support, the target of $10-$12 is inevitable. Important points: - Current Struggle: $50 EMA resistance, rejection is likely. - Accumulation Range: $3.8-$. - Lower Accumulation Range: $2.56. - Target: $10-$12. I hope you find this update helpful. Make sure you do your research and analysis before making any decision. Regards, Team Dexter #cryptocurrency #TON
by Dexter_The_Trader
Bulls Poised for a Major Breakout—Will They Seize the Moment?Yello Paradisers! Are you ready to witness a potential game-changing move in #TONUSDT? Let’s dive in and analyze why this could be the key moment for bulls to take charge. 💎#TON is shaping up an inverse head-and-shoulders pattern—a classic reversal sign that traders know often leads to explosive moves. The price is gradually pushing toward the neckline, which lies between $5.825 and $6.00. This range is critical; it hasn't been breached since August 25th. A breakout above this zone could ignite a strong bullish trend. 💎Between $6.00 and $6.85, TONUSDT has left a significant inefficiency candle unfilled—Such a gap in the market is often revisited. If bulls manage to push the price beyond the $6.00 level, TON could surge towards $6.40 initially, with the next major resistance around $6.85 to $7.05. 💎Currently, TON is sitting on a solid foundation, finding support at the dynamic EMA-50 around $5.50. This is the primary level that bulls must defend to keep momentum strong. Below this, additional support levels can be found at $5.34 and $5.15. As long as these supports remain intact, the bulls maintain control. 💎However, a word of caution—if TON slips below these critical supports, the base could be challenged, which might open the door for stronger selling pressure. It’s essential that bulls hold their ground to avoid any significant downside risk. Paradisers! Remember, patience and strategy are key in these moments. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
TON currency analysis Your currency is in a neutral trendTON currency has been in an upward trend since its arrival. But after reaching the ceiling of this upward trend, we see the price return to the floor for this currency. At the moment, you can see your currency in a neutral trend in the 4-hour period, and two important ranges of the ceiling and floor have been identified in this analysis, until the price breaks these two ranges, nothing special will happen to this currency.
Long
by karaco2022
4
TON → is in a dangerhello guys. Head and Shoulders Pattern: A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside. Neckline Break: The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum. Target Projection: The measured move target from the head to the neckline projects a potential drop towards $3.27. Resistance Levels: Immediate resistance at $5.30 (previous neckline). Further resistance near $6.10 (potential pullback area). Support Levels: Immediate support around $4.60. Major support at $3.27 (pattern target). Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario. ___________________________ ✓✓✓ 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
Short
by melikatrader94
14
Toncoin shows both bullish and bearish signs. So, what’s next?Toncoin (TON) has been making headlines lately, with a significant drop from its recent highs of around $8 down to now $5.51 at press time. Toncoin’s net network growth stood out at press time, showing a 9.03% increase. This bullish signal indicated a steady inflow of new users into the network, reflecting growing interest. However, without significant buying pressure, this growth alone might not be enough to reverse the downward trend. From a technical analysis perspective, the relative strength index (RSI) was at 41.82, nearing oversold territory. Thus, Toncoin could be due for a short-term bounce, although it does not confirm a sustained reversal. The Bollinger Bands (BB) showed that Toncoin was consolidating, with the price nearing the lower band at $5.43. The lower band could indicate support, with volatility likely to increase. The upper band was at $5.60, and a breach of this level could signal upward momentum. Toncoin’s indicators provided a mixed outlook. While Network Growth and whale accumulation were positive, the decline in large transactions and a neutral “In the Money” showed caution. Combined with technical signals like RSI and Bollinger Bands, Toncoin looked to be at a key point. The market’s next move could be influenced by rising volume and a potential breakout from the current consolidation phase.
by paul_endeo
1
Toncoin (TON) price analysisToncoin (TON) registered an incredible increase of almost 14% over the past seven days, despite its upward push stalling over the weekend after encountering strong resistance around $6. TON was extremely bullish last week as it surged on Monday, reaching a day high of $5.69. However, buyers could not sustain momentum, and TON eventually settled at $5.25, registering an increase of 6.12%. TON surged past the 20-day SMA on Tuesday, rising by 5.65% and settling at $5.55. However, after encountering resistance, the price fell back on Wednesday, dropping to a low of $5.15 before recovering and settling at $5.39, back above the moving average. TON attempted a move past the resistance at $5.60 on Thursday but eventually settled at $5.58 after an increase of 3.43%. It finally broke past this level on Friday, rising by 4.25% and settling at $5.81. Buyers attempted a move to $6 but lost momentum after reaching a high of $5.93, with the 50-day SMA coming into play as resistance. TON fell back over the weekend as demand dried up, dropping 2.38% on Saturday and 2.24% on Sunday to slip back below $5.60 and settle at $5.55. The current session sees TON up by 0.80% after sellers failed to lower the price. Buyers will look to reclaim $5.60. If TON can consolidate above this level, a push above the 50-day SMA to $6 could be possible. However, if sellers retake control, TON could slip to $5.30, where the 20-day SMA could act as support. Should TON continue to drop, its next support level lies at $5.
by paul_endeo
Further 50% decline in store for TON with bearish continuationTON/USD – Bearish Continuation with Elliott Wave & Head and Shoulders Setup Toncoin has completed a Wave B as part of an ongoing A-B-C correction in the Elliott Wave structure. We are now entering Wave C, targeting a .618 Fibonacci level around $2.81. This level coincides with a previous high retest, adding further confluence to the idea of a potential bottom there. Additionally, a Head and Shoulders pattern has formed, with the head peaking in May 2024 and a lower right shoulder forming around July/August 2024. The neckline sits around $5.00, and a confirmed breakdown below this level could accelerate the move toward the $2.81 target, completing Wave C. Key Levels: • Current Price: $5.61 • Neckline: $5.00 • Wave C Target: $2.81 (50% drop) Both the Elliott Wave and the Head and Shoulders pattern suggest further downside, with $2.81 acting as a critical support zone. A break of the neckline could signal more selling pressure. Keep an eye on price action near $5.00 for confirmation.
CRYPTO:TONUSDShort
by Blockbullder
"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
Toncoin (TON) holders record gains: analysisToncoin (TON) holders are seeing their investments pay off. The supply of coins held at a profit has reached a new weekly high, following a decline to a seven-month low. This surge in profitability comes just a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France. Following Pavel Durov’s public condemnation of his arrest on September 5, market sentiment has shifted positively towards Toncoin. The value of the Telegram-linked asset has surged by 15% over the past seven days, bucking the general market downtrend. As Toncoin’s price climbs, the percentage of its total supply held in profit has also surged. At press time, it sits at a seven-day high of 53%. This rise in profit has led to a shift in strategy among TON’s short-term holders. Data from IntoTheBlock reveals that many addresses that purchased the coin in the past month are now holding onto it, resisting the urge to sell. TON’s technical setup confirms that the altcoin is poised to extend its gains. For example, the Moving Average Convergence/Divergence (MACD) indicator — which tracks trend direction, shifts, and potential price reversal points — confirms the growing demand for the altcoin. At press time, TON’s MACD line (blue) rests above its signal line (orange) and is making its way toward the zero line. If TON maintains this uptrend, it will target resistance at $6.8. However, a spike in profit-taking activity may invalidate this bullish projection. If selling pressure gains momentum, it will pull Toncoin’s price to $4.46.
Long
by paul_endeo
Toncoin price prediction: will the rally pick up?Toncoin (TON) has witnessed a 108% surge in the number of large transactions. Similarly, the number of active addresses has spiked by 35.13% from 2.44 million to 3.3 million. This significant increase in the number of big players affirmed by the increase in market trading activity may bring a significant price movement for TON. Toncoin price was approaching a key level at press time after a tremendous bullish rally. The altcoin had a 22% rally over the last three days before changing its trajectory. In the last 24 hours, as per CoinMarketCap, the altcoin has plummeted by 1.06%, despite a long-term surge of 14.18% in the past seven days. What is more, Toncoin bulls have defended the market with their increased large transactions, as indicated by the IntoTheBlock data. The number of large transactions spiked from 975 to 1.85K transactions. The whale positions in the market suggest they anticipate an overall price rally towards the next resistance level in line at $6.02. Despite the bullish sentiments aforementioned, Toncoin has experienced a declining long-short ratio since 9th September. This may suggest a short-term price correction before the market resumes its upward trajectory. The price correction may be nearing an end, as evidenced by increasing whale and trading activity. The increasing whale activity and trading activity converges with the price action analysis. All indicators point to a bullish run continuation. However, Toncoin may experience some correction in the short-term before rallying to the target price at around $6.02.
by paul_endeo
TON Toncoin Potential Sell-OffIf you haven`t bought TON before the breakout: Now you need to know that on August 24, 2024, the arrest of Telegram founder Pavel Durov by French authorities sent shockwaves through both the platform and its cryptocurrency, Toncoin (TON). Durov's arrest, reportedly tied to illegal activities on Telegram, has been widely seen as an attack on free speech, which has paradoxically boosted interest in both Telegram and Toncoin. This spotlight on Durov and his platforms presents both challenges and opportunities. While the surge in activity signals increased attention, the future is uncertain. The ongoing investigation and heightened regulatory scrutiny are likely to impact TON's market performance. Investors and users are closely watching for further legal actions, as they could have significant consequences for Telegram and Toncoin. With the regulatory landscape in flux, TON remains a risky investment until the legal situation stabilizes. My price target for TON is $2.15.
Short
by TopgOptions
TONUSD 1st 1D Death Cross in 1.5 years calls for more downside.Toncoin (TONUSD) has been trading within an established long-term Channel Up (blue) and a Diverging one (dotted), while forming a Bearish Leg since the June 15 2024 High. The highlight of the day is the completion of the first Death Cross on the 1D time-frame since May 19 2023. Naturally this is calling for more downside, which can extend as low as the 0.618 Fibonacci retracement level according to the previous Bearish Leg. Our Target is 3.50 and we expect the correction to complete a Bottom after the 1D RSI posts 3 straight Higher Lows, similar to the Bullish Divergence of July 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TONUSDShort
by TradingShot
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
NOT best level🔍 **NOT/USDT Technical Analysis - Opportunities and Challenges** 📉 **Current Trend:** The price is moving within a descending channel, indicating overall weakness in the trend. However, it seems to have reached a strong support level that could be a turning point. 📊 🔵 **Key Support Level (0.00734):** This support level, marked with a blue zone, has historically shown price reactions. There's a high probability of a price rebound from this area, which could create a good buying opportunity if the price stabilizes here. 💪 📈 **Potential Upside Move:** There are several key resistance levels for potential price targets: 1️⃣ **First Resistance: 0.01272** - A break above this level would indicate confirmation of an upward trend. 2️⃣ **Second Resistance: 0.01733** - A stronger resistance level that the price may reach with increased demand. 3️⃣ **Third Resistance: 0.02639** - The final target and highest level in this analysis, which could be reached if the previous resistances are broken. ⚠️ **Risk Management:** While there’s a good opportunity to enter the trade at current levels, risk management should always be a priority. If the price fails to hold this support level and drops below it, the downtrend may continue. 📉 🚀 **Conclusion:** This analysis suggests that the 0.00734 level is a crucial point for a price reaction, and a potential upside move could lead to the mentioned targets. The best strategy is entering at support levels and carefully managing risk. ✨
by ahmadarz