Take <Care of it/Toncoin (TON) is the native cryptocurrency of the TON (The Open Network) blockchain, originally developed by Telegram. USD Coin (USDC) is a stablecoin pegged to the US dollar, widely used in the cryptocurrency market. The trading pair TON/USDC represents the exchange rate between Toncoin and USD Coin.
TONUSDC trade ideas
Why TON Cryptocurrency is Set to Rise =)After analyzing TON (the cryptocurrency behind Telegram), I believe its value will increase due to several key factors:
Strong Technology – TON’s blockchain is fast, secure, and scalable, making it ideal for mass adoption and decentralized apps (dApps), which will drive demand.
Growing Adoption – More businesses and projects are integrating TON, increasing its real-world use and demand.
Active Community – The strong community around TON supports its growth, with more developers and users engaging with the ecosystem.
Limited Supply, Rising Demand – With a capped supply, increased demand will push TON’s price upward.
Telegram Backing – Telegram’s global reach gives TON exposure to millions, boosting its chances of widespread use and higher value.
Conclusion:
TON is positioned for strong growth with its solid tech, increasing adoption, and strategic backing from Telegram. I believe its value will rise in the near future.
Mvh Mert Arslan
TON/USDT 1. Support and Resistance Levels
Based on the chart, the following key support and resistance levels are identified:
Support Levels:
6.128: This level has acted as strong support multiple times, indicating buyers' interest in this area.
4.548: This is a significant bottom level where the price bounced multiple times, showing strong buying pressure.
Resistance Levels:
7.695: The price tested this level but failed to break through, confirming it as a strong resistance.
8.282: The price previously touched this level and faced heavy selling pressure, making it a critical resistance zone.
2. Price Movements and Trend Analysis
Key observations of the price action on the 1-hour timeframe:
The price has shown a recovery trend starting from the 4.548 level and consolidated above the 6.128 support zone.
A sideways movement is observed between 6.128 and 7.695, forming a trading range.
An attempted breakout above 7.695 is visible, but the price faced resistance and pulled back slightly.
3. Volume Analysis
Trading volume has increased during major price moves, especially near resistance zones. This indicates strong activity from buyers and sellers at key levels.
Higher volume near 7.695 suggests that this level is being heavily contested by market participants.
4. Expectations and Possible Scenarios
Bullish Scenario:
If the price breaks above the 7.695 resistance with strong volume, the next target could be 8.282. Sustained buying momentum will be crucial for this breakout.
Bearish Scenario:
If the price falls below the 6.128 support, it may retest the 4.548 level, where stronger selling pressure could emerge.
Consolidation:
The price may continue to move sideways between 6.128 and 7.695, creating a consolidation phase. This could signal a strong breakout in either direction once sufficient momentum builds.
5. Indicators and Suggestions
While the chart does not include technical indicators like RSI or MACD, these tools could help identify overbought or oversold conditions, especially near resistance levels. Monitoring volume and candlestick patterns at support and resistance zones will be key to predicting potential breakouts or reversals.
If you want further analysis using specific indicators or patterns, feel free to ask!