Cardano

Toncoin

<p>The post <a href="https://coinpedia.org/price-analysis/toncoin-achieves-a-new-ath-ton-price-on-the-path-to-hit-10/" rel="noopener noreferrer nofollow">Toncoin Achieves A New ATH! TON Price On The Path To Hit $10?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Toncoin (TON) price has successfully recorded a new all-time high (ATH) of $7.78 during the early trading hours today, highlighting an increase in the buying-over-selling pressure for the altcoin in the crypto market.</p>
<p>Positively, <a href="https://coinpedia.org/price-prediction/toncoin-price-prediction-2024-2030-will-ton-price-hit-10-in-q2/" target="_blank" rel="noopener noreferrer nofollow">Toncoin price</a> has recorded a surge of 148% in its trading volume and added 13.30% within the past day. Moreover, the altcoin has added 17.76% within the past week and 30.88% over the past month.</p>
<h2 class="wp-block-heading" id="h-toncoin-records-a-bullish-breakout">Toncoin Records A Bullish Breakout:</h2>
<p>After hovering close to its important support level of $6.325 for a brief period, the bulls regained momentum over the past weekend and since then, the TON price has added 24.71% to its valuation. This resulted in the altcoin recording a new ATH.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfaRy9OmgAD3alnyqwzbhhp1hX17LsKrLZSuDRq_mnVN0INidKt5iVcORMrVWS9SiFh0vDJYnUHfHd0J7Pl7pUdfS-pvxmpAXcu3u-RBP4TQJRTZlTVqjw6U565TMjdBjybZb3uSfrq175Xqk3R-SXv6eW3?key=QeiWp-t5FEHoD_Z9yvK64w" alt="Toncoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: TON/USDT
 </figcaption>
</figure>
<p>With a Year-to-Date (YTD) return of 228% in valuation and a market cap of $18.26 Billion, the Toncoin (TON) price has successfully reclaimed the position of the 9th largest cryptocurrency in terms of market cap by surpassing Cardano (ADA) token.</p>
<p>The technical indicator, SMA constantly supports the price chart in the 1D time frame, suggesting an increase in the buying sentiment for <a href="https://markets.coinpedia.org/toncoin/" rel="noopener noreferrer nofollow">TON price</a> in the crypto space.</p>
<p>On the other hand, the Relative Strength Index (RSI) successfully retested its mid-point, resulting in it experiencing a significant uptrend toward the overbought range. Moreover, the average shows a bullish curve, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-ton-price-hit-10-in-june">Will TON Price Hit $10 In June?</h2>
<p>If the market holds the price above the support level of $7.250, the bulls will continue gaining momentum and test its resistance level of $8.725. Maintaining the price at that level will set the stage for Toncoin price to test its upper resistance level of $10 during the upcoming weeks.</p>
<p>Conversely, if the bears overpowered the bulls, the TON coin price would lose momentum and test its support level of $7.250. Furthermore, if the bears continue to overpower the bulls, it will plunge further and prepare to test its lower support level of $6.325 in the coming time.</p>

Toncoin Achieves A New ATH! TON Price On The Path To Hit $10?

Table of Contents

CoinPedia News

Other articles published on Jun 5, 2024

Kaspa Price Among ‘Easiest Cryptos to Predict’ Right Now: KAS Analyst Sees New All-Time High – He...

Tether CEO and CoinGecko co-founder warn of ongoing email scams

New P2E Gaming Crypto Presale Raises $2 Million in Just a Week – Could It Be the Next Dogecoin?

Investors Pile Into Rebel Satoshi (RBLZ) Ahead Of 30x Speculation; BONK And Uniswap Holders Expec...

Michael Saylor and MicroStrategy Reach $40 Million Settlement in Tax Fraud Case

BlockDAG Skyrockets with Moon Keynote; Coin Surges 850%, Disbars Shiba Inu Burn Rate & Arbitrum P...

Join our free newsletter for daily crypto updates!