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TONUSDT trade ideas

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
Our Game Plan for Telegram TONSince the last hype of KUCOIN:TONUSDT by the Telegram founders, this coin has been struggling to break out of its historical resistance. I expect a breakdown below the weak support level, this will be our first entry. Then we will strategically DCA our position downward in anticipation for 2-5x on this. They have the platform and audience, these are important factors we considered in this analysis. A robust ecosystem and better decentralization are added advantages. What do you think about this analysis? If this analysis makes sense to you, follow me now and support my idea. Cheers!
Long
by CryptoNiche
2
TONUSDT: Support Zone Hints at Potential BounceThe KUCOIN:TONUSDT chart is showing signs that could be encouraging for bulls. The price has reached a support zone formed by overlapping moving averages, which historically can act as a springboard for a rebound after a correction. Bullish Indicator: Support Zone: The confluence of moving averages creates a potential buying zone. Price Correction: The recent price drop might be nearing an end, with a potential upswing on the horizon. Potential Entry and Take Profit: Entry: Consider entering a long trade after a confirmed breakout and formation of a new higher high. Take Profit: Fibonacci retracement levels (1.0 and 1.618) can be used as potential profit targets. However, remember, these are just suggestions, and actual profit taking should be based on your risk tolerance and trading strategy. Important Reminders: This analysis is for informational purposes only and not financial advice. Do your own research before making any trades. Consider using stop-loss orders to manage risk. Good luck!
Long
by Arash-RK
TON/USDT | 1W 👀The coin continues to develop its wave structure and moves upward along with the rest of the market. I haven't taken any profits yet because I believe the true price of Toncoin is definitely above $8. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Toncoin. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Toncoin #Investment #TON
by Nyskohuz
TON Coin Support and Resistance Prediction Using TREX Price ActiUnlock the power of predictive analysis for TON Coin with our innovative approach using the TREX Price Action Method. TradingView introduces a cutting-edge strategy to anticipate future support and resistance levels for TON Coin, leveraging the intricacies of price steps to forecast market movements with greater accuracy. What sets our method apart is its reliance on the TREX Price Action Method, a robust framework that combines technical analysis with the psychology of market participants. By dissecting historical price data and identifying key price steps, we're able to construct a comprehensive roadmap for potential support and resistance levels, paving the way for informed trading decisions. Our publishing idea on TradingView encapsulates this strategy, providing traders with actionable insights into the future trajectory of TON Coin. Through detailed analysis and clear visual representations, we illuminate the critical zones where buying and selling pressures are likely to converge, empowering traders to optimize entry and exit points with confidence. Whether you're a seasoned trader or new to the world of cryptocurrency, our approach offers a systematic way to navigate the volatile landscape of TON Coin. Join us on TradingView as we decode market dynamics, unravel the mysteries of support and resistance, and unlock the potential for profitable trading opportunities with TON Coin using the TREX Price Action Method.
by Alii_askariii
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
Telegram coin is bullishBy looking at the chart we have 3 wave ABC which is for a bigger pattern. Now wave C has ended and price has entered bullish wave D. Considering that the correction of wave C has been sideways, we may have a good pump ahead for wave D. By maintaining the green range, damnad can move towards the targets. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
$TON - forecast for the end of this yearI believe, that very soon we will see BYBIT:TONUSDT on the top of ascending stars of crypto markets with tremendous potential for the next years. Fundamentally, it presents very fast and secure protocols with support of all the possible operations, which can be needed in the nearest and I suppose, for a far away future. And, in my point of view, value of this pair, exactly will be reflected on the price of it. In my head, the goal till the beginning of 2024 locates somewhere between 4 and 5. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Long
by furoreggs
11