Following the big news today that Toncoin will be listed on Binance, the price immediately pumped around 10%, making TON the second biggest gainer of the day, after XRP.
The TON price is now trading around $6.2, which is still below the $8 yearly high set in June. Let’s take a look at TON and NOT price forecasts as well as one new project that caught my attention.
Toncoin (TON) Price Prediction
While a 10% pump may seem newsworthy, it’s actually quite modest when we consider the huge price surges that can occur when Binance announces the listing of a new coin. However, it appears the market doesn’t have a lot of strength at the moment.
On the TON/USDT chart, we can see that TON has been trading in a sideways channel since late March, between the $4.7 and $8.2 price range. Interestingly, despite today’s pump, TON did not manage to break out of this established channel.
Source: TradingView
One positive technical indicator for TON is that the 200-day moving average (MA) is currently sitting at $5.3. This is considered a bullish signal, as many altcoins are currently trading below their 200-day MA.
Further analysis shows that the MACD line is above the MACD signal line, indicating positive momentum. Additionally, the daily RSI is at 58, suggesting that TON still has room for further growth.
Based on this technical analysis, it’s reasonable to expect TON to continue its sideways trading in the near term, with the potential to retest the $8 resistance level in the coming weeks or months.
Read also: Rising On-chain Metrics Reveal ‘Solana Season’ Is Coming: SOL Price Analysis
Notcoin (NOT) Price Analysis
It wouldn’t be surprising if Notcoin, which is connected to TON, follows a similar path. NOT is currently up 2% today, trading around $0.011. However, it still has a long way to go to reach its all-time high of $0.026.
Similar to TON, the MACD line for NOT is above the MACD signal line, signaling positive momentum. The daily RSI is at 56, indicating that NOT also has room for further growth.
Source: CoinMarketCap/Notcoin
Given the positive technical indicators and the potential for TON to rebound, it’s realistic to expect NOT to break its ATH again in 2024.
Best Crypto to Buy Now – PandaWorld
PandaWorld is an innovative ecosystem that combines the entertainment of meme coins with casino and gaming elements. It introduces an ERC20 meme coin called $PADW, which is currently available for presale. The coin has already raised over $100,000 very quickly, and the project aims to raise a total of $8 million. This means we are still early.
I personally don’t like to write about projects in such an early stage, but this one definitely caught my attention. Not only because of the utility, but I am in the direct touch with the team – and the plans are very big. So, I will back it up in the weeks ahead.
$PADW is primarily used as a fiat currency within the PandaWorld ecosystem, enabling users to engage with various gaming elements. Specifically, $PADW can be used to draw items in games, providing a practical use case for participants in the ecosystem. Additionally, PandaWorld integrates gaming, casinos, and meme coin trading platforms; just huge utility behind this one.
Read also: Analyst Predicts Bitcoin Rally Above $59k, Warns of Key BTC Levels to Watch
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The post Where Are Toncoin (TON) and Notcoin (NOT) Prices Headed Next? Here’s a New Crypto to Consider Instead appeared first on CaptainAltcoin.
