🚀💹 Will Toncoin Price Hit $10 After Recent 20% Rally?

🚀 Toncoin Gains Momentum
Toncoin ( $TON ), linked to Telegram, has surged amid market optimism, breaking $6 after months of stagnation. A 20% daily jump and 15% weekly gain showcase its strong upward trajectory, mirroring broader crypto market rallies.

📈 Factors Driving Growth
TON’s recent listing on South Korea’s largest stock exchange and expansion into the U.S. have boosted investor confidence. These developments, paired with bullish crypto trends, have driven demand and fueled price increases.

💹 Current Performance
TON trades at $6.40, reaching an intraday high of $6.58. Despite being 20.91% below its all-time high of $8.24, it has soared 1567.46% since its 2021 low. Resistance at $7 remains a hurdle, but buyers could push the rally toward $9 or $10.

📊 Technical Indicators and Market Activity
TON’s RSI at 71 places it in the overbought zone, signaling strong buying momentum. Derivatives activity surged, with high trading volumes and open interest reflecting robust trader engagement and heightened optimism.

🌟 Outlook for $10
Strategic expansions and bullish sentiment make $10 a realistic target. Overcoming resistance at $7 and sustained investor interest could pave the way for Toncoin’s next big rally.