Is Toncoin Poised to Surge Past $10 Next Week? 🚀
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While Bitcoin's recent downturn has impacted the altcoin market, Toncoin remains a standout performer, hitting record highs. Its consistent upward trajectory and frequent new peaks indicate strong bullish momentum.
Performance Update
Over the last 30 days, Toncoin has seen a 6% increase, signaling a sustained bullish trend. With a market capitalization of $18.50 billion, it currently holds the #9 spot in the cryptocurrency sphere. A breakout from a triangular pattern led to a 12% surge in just 72 hours, bringing its price to $7.89, with a 1.54% intraday growth.
Technical Analysis
- **EMA:** Both the 50-day and 200-day EMAs reflect positive sentiment.
- **MACD:** The MACD and signal lines are steering clear of a bearish crossover, reinforcing the bullish sentiment.
Will TON Reach $10?
Based on Fibonacci retracement analysis on the daily chart, the upward momentum could propel Toncoin to $10.05 by next week if current trends persist. A broader market rebound in June could further bolster this uptrend.
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