Toncoin price prediction for today, June 7 – TON technical analysis

adminJune 8, 2024

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Toncoin price prediction shows TON showing strength with a rise of 1.05% as the coin prepares for a bullish move.

Toncoin (TON) rose 6% following Telegram’s Stars withdrawal integration.

In the face of broader market consolidation, Toncoin (TON), a layer-one cryptocurrency closely linked to Telegram, surged more than 6.5%. As of press time, Toncoin boasts a market capitalization of $18.6 billion and trading volume of over $354 million, and is trading at an all-time high of $7.65.

Toncoin prediction statistical data:

Current Toncoin price – $7.41
Toncoin market cap – $17.4 billion
Toncoin Circulating Volume – 2.4 billion
Toncoin total supply – 5.1 billion
Toncoin CoinMarketCap Ranking – 9th

TON/USD market

Main level:

Resistance levels: $10.0, $10.5, $11.0

Support levels: $5.0, $4.5, $4.0

Toncoin price prediction for today, June 7 – TON technical analysis — TONUSD – daily chart

TON/USD appears to be trading in the green as the coin prepares to move towards the upper border of the channel with gains of 1.05% at the time of writing. According to the daily chart, the current candle formation follows an upward trend. However, a downward crossover between the 9-day moving average and the 21-day moving average could position the market price to the south. This is because the nearest support level is around $7.0.

Toncoin Price Prediction: Toncoin Price Could Touch $8.0 Resistance

Currently, Toncoin price is hovering above the 9-day and 21-day moving averages. However, a rise towards the upper boundary of the channel may result in intense buying towards resistance levels of $10.0, $10.5, and $11.0 respectively. Conversely, Toncoin price is likely to maintain support levels at the daily low of $7.0. So, if Toncoin price falls below this support, it is likely to hit the nearest support at $6.5.

Meanwhile, if sales continue to increase, important support levels could be located around $5.0, $4.5, and $4.0. Nonetheless, the moving averages show that the market could move higher if the 9-day moving average conveniently crosses the 21-day moving average.

TON/BTC could be heading north

Compared to Bitcoin, buyers are likely to push Toncoin above its 9- and 21-day moving averages. Meanwhile, the nearest resistance level on the upside is near the upper boundary of the channel above 1350 SAT if buyers can increase buying pressure.

Looking at the cons; The nearest support level is 1000 SAT, and if the price falls further and creates new lows, lower support can be found below 750 SAT. Additionally, if the 9-day moving average breaks above the 21-day moving average, this could be confirmation that the market may be following an uptrend.

Meanwhile, @VikingXBT informed his 29,000 followers on He expressed his excitement about $durev, noting its impressive charts. “I’m going to be here for a long time,” he said. There are also rumors of multiple airdrops for token and NFT holders, and $TON will be the first coin listed on Coinstore to tap into the fast-growing Asian market.

i believe so $TON We’re going to be onboarding a ton of retailers, and with that, we’re going to have at least one huge meme as well. $durev You’re just doing this to me! The charts are truly amazing. I have been here a long time.
Rumors of multiple airdrops for token and NFT holders, and the first $TON Listed coins… pic.twitter.com/oA46fZVPGp
— VikingXBT (@VikingXBT) June 6, 2024

Alternatives to Toncoin

Toncoin has shown resilience with an upward trend supported by technical analysis. TON/USD maintains bullish momentum after reaching the resistance level of $7.86, with the 9-day moving average (MA) indicating continued positivity. Toncoin, the 9th largest cryptocurrency with a market capitalization of $17.4 billion, continues its slight upward trend. Meanwhile, PlayDoge pre-sales surpassed $2.5 million in just 10 days, giving investors a chance to be part of the groundbreaking revolution. PlayDoge is a new take on the ’90s virtual pet craze, allowing users to earn cryptocurrency by caring for their Doge companion.

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