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.
Toncoin
TON network outage triggers price dipToncoin (TON) has no doubt been one of the fastest growing networks and its runtime has been flawless until now. Fresh reports indicate that the network experienced its first downtime incident this morning.
Preliminary reports found using Tonscan show that block generation on Ton halted for almost three hours. One of the TON Foundation members revealed that the downtime was caused by transactions overload, mainly involving DOGS.
The downtime resulted in the suspension of deposits and withdrawals via TON by multiple exchanges. This includes Binance and ByBit.
The downtime reportedly caused a loss of consensus among validators. This means that validators have to restart the network to kick things into motion again. TON had already fixed the issue and restored network operations at press time.
Toncoin retested its August lows after tanking by as much as 26% during the weekend. It was down by 2.98% in the last 24 hours to a $5.25 press time price.
It remains unclear whether the downtime incident will affect demand for Toncoin in the near term. Especially now that the network is up and running again.
Toncoin (TON) price analysis amidst Durov arrestToncoin (TON) has lost a staggering 21% over the past week as its value plummeted following the arrest of Telegram founder Pavel Durov. More bad news for TON is that French authorities have charged Durov with complicity in multiple criminal activities and failing to provide cryptographic access per the authorities’ demands. TON plummeted following news of Durov’s arrest on August 24, dropping almost 12%, slipping below crucial support levels and wiping out considerable gains made over the previous week. TON continued to drop over the weekend, falling to a low of $5.26 before demand at lower levels enabled a recovery of sorts. Despite this, TON fell by almost 3%, settling just above the 200-day SMA at $5.76.
Buyers attempted a recovery on Monday as TON rose to a day high of $5.99, almost regaining the $6 level. However, sentiment changed, and sellers retook control, driving TON down by nearly 11% to $5.14. The drop also saw TON slip below the 200-day SMA and the $5.50 support level. The current session has seen buyers enter the market, indicating lower-level demand. TON is currently up by just over 6% and trading around the $5.45 mark. If buyers continue to enter the market, TON could push back above $5.50 and attempt to reclaim the levels above the 200-day SMA. However, TON could slump back to $5 if sentiment changes again.
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 $10 this fall. I’ve shown why I believe this on the chart.
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown:
Key Elements:
1. Best Entry Zone (5$) 🚀:
- 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.
TON Coin Mid Term LONG IdeaTON coin is currently experiencing panic selling due to the founder’s arrest. However, we believe in the strength and potential of the TON ecosystem.
Technically, it’s at levels that are suitable for buying, and long-term investors may consider adding it to their SPOT wallets using the DCA strategy.
For those who prefer to avoid risk, they can wait to enter the trade after a deviation outside the range.
Take your risk, make some profit !
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.
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.
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.
TONCOIN: Possible "Head-Shoulders" under construction?!TONCOIN: Possible "Head-Shoulders" under construction?!
Detection of a possible chart pattern "Head-Shoulder" = "SUMMER" in Daily"
Monitor the " Nech line", and the Fibonacci and ICHIMOKU levels, as well as the 50 and 200 exponential moving averages on higher time units if necessary.
The downside targets are indicated on the chart.
We could return to the levels before the "Bull run"!!
Following the arrest of Pavel Durov, CEO of the company "Telegram Messenger", this news could accelerate the downward movement sharply!
Be careful!!
Toncoin hi guys
On the price chart, when we still hold the support area of $4.46, and the LL is not made for us, we cannot expect a bearish trend.
If the $4.46 support range is fully consumed, a bearish scenario is likely.
Right now, the bullish scenario weighs more for us. And if the $7.95 resistance area is completely consumed, the bullish mentality will be reinforced for us.
what do you think!?
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
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!
TON: Important Technical Analysis in a Daily Timeframe!Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
After the latest news about the founder of Telegram, TONCOIN faced a sharp 20% drop in its price. The price is currently hovering at $5.86, and the recent decline raises concerns among traders and investors.
Here's my technical analysis of TONCOIN on a daily timeframe.
TON has an important support trendline around $5.34, which it must hold to stay in the game. If a rebound occurs, TON will likely test the blue dotted resistance trendline, potentially leading to bullish momentum.
The lower support at $4.636 will be the crucial level for TON to hold if we see a further decline.
Given the negative experiences from past incidents, be cautious and conduct thorough research before investing.
Key Levels:
- Support Trendline: $5.2556 to $5.6458.
- Lower Support: $4.836.
- Primary Resistance: $6.452.
- Bullish Move: A close above the primary resistance and 50 EMA.
- Bearish Move: A close below the lower support.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#TON #Toncoin
#TON/USDT#TON
The price is moving in a descending channel on the 12-hour frame and it was broken upwards
We have a bounce from a major support area in green at 5.40
We have a downtrend RSI that was broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 6.11
First target 6.90
Second target 7.60
Third target 8.20
TON weekly analysisToncoin hits record high daily active addresses, but is TON a ‘bubble’? – analysis by AMBCrypto
The TON Masterchain has reached a record of 946 daily active addresses, a 7x increase since July 2021, as Kyledoops noted on X (formerly Twitter).
This growth reflected rising network activity, the expansion of dApps and work chains, and potential higher demand for Toncoin (TON).
Although some analysts suggested that the TON blockchain might be a bubble due to its low daily active user count, broader market metrics challenge this view, indicating the network’s solid progress and potential in the long-term.
Meanwhile, Toncoin has shown strong potential as a top coin to hold on the support.
The TON/USDT weekly chart revealed a reversal candle with a long tail, indicating bullish pressure, supported by growing volume in recent weeks.
Moreover, Bollinger Bands are tightening, suggesting a potential squeeze, but the best bet lies in the breakout to the upside.
On the daily time frame, Toncoin was nearing a breakout above 100 simple moving average, which has posed some resistance.
TON (Toncoin): Approaching ResistanceTrade setup : Trends are mixed but price remains in an Uptrend on a long-term basis. It bounced off of 200-day moving average, which acts as support, and reached our near-term target of $6.75 for +25% gain. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break above $6.75 to signal continuation of uptrend, with +20% upside potential to $8.30 next, or 2) pullback to 200-day MA for another swing entry with +25% upside potential to $6.75. Stop Loss at $4.40. (set a price alert). We also issued a bullish fundamental research report (Coin Pick) on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $4.75. Nearest Resistance Zone is $6.75, then $8.30.
TONUSDTThis chart for the TON/USDT pair shows a strong upward movement with several key time intervals marked by vertical lines. Here’s a breakdown of what these time intervals might indicate:
Key Dates and Potential Market Movements:
August 19, 2024, 16:00:
Scenario: This is the first red-marked interval, which may indicate a potential pause or correction after the recent strong upward movement. Traders might begin to take profits, causing a temporary pullback.
Impact on Price: The price might experience a minor dip or consolidation phase around this time.
August 20, 2024, 08:00:
Scenario: The green-marked interval suggests a possible continuation of the bullish trend or a recovery if the market corrected earlier. Positive market sentiment or news could drive further buying interest.
Impact on Price: There could be another push upwards, possibly testing new highs or reinforcing the current trend.
August 21, 2024, 02:00:
Scenario: The next red-marked interval might signal another potential reversal or correction phase. External factors or market saturation could lead to a pullback.
Impact on Price: A possible dip in price as traders reassess their positions.
August 22, 2024, 11:00:
Scenario: The green-marked interval indicates a return to bullish sentiment or a stabilization of the market after any previous corrections.
Impact on Price: The market may stabilize or resume its upward movement, depending on the overall trend strength.
August 23, 2024, 08:00:
Scenario: This red interval suggests another potential market event or reaction, possibly due to external factors or news impacting the market.
Impact on Price: Another dip or consolidation might occur around this time.
August 24, 2024, 00:00:
Scenario: The final green interval in the short-term analysis might indicate a resumption of the trend or stabilization after previous fluctuations.
Impact on Price: The price could either stabilize or continue its upward trajectory if the overall market conditions are favorable.
Considerations for Traders:
Volatility: The chart indicates several points of potential volatility within the next few days. Traders should be cautious and consider setting stop losses or taking profits at appropriate levels.
News Impact: Keep an eye on any news or market events around these dates, as they could significantly influence price movements.