The Kazakhstan regulator has approved trading of TON (TONCOIN) on the country's licensed crypto exchanges. This is reported on his website.
It is stated that the Astana International Financial Services Committee (AFSA) reviewed and approved#TONfollowing a “comprehensive review.” Earlier, the head of the Ministry of Digital Development of Kazakhstan, Zhaslan Madiev, confirmed that the founder of Telegram, Pavel Durov, had arrived in the country.
In total, there are now 107 digital assets on the list approved by the regulator.
The#TONprice does not feel particularly positive about the news. Since the last analysis on June 21, the price was able to break through the volume level of $7,270 and the downtrend from the ATH set on April 11. BUT the second day cannot break through the next volume level of $7,820.
At the same time, from June 29-30 there is a high probability of a reversal formation for the asset, the appearance of the “Expensive” signal from the trend reversal indicator on the daily timeframe. What threatens to be registered on the chart from June 2nd with targets below $6. And a full-fledged reversal into the corrective wave A after, possibly, the high of wave 5 of the entire growth since the summer of 2023, set on June 15. The likelihood of such a scenario is not yet the highest, but it exists.
In this regard, we are monitoring both TON and its sister #NOT.
In our May 22 TON spot trade, the stop is at breakeven at $6,565. Paper profit +15.52%.
In the spot trade on NOT opened on June 25, the paper profit is minimal, +1.76%. The asset showed +14.71% at the moment, but has been correcting for the third day, although it has not yet broken the ascending structure.
