Can Toncoin (TON) Price Surpass $10 in Q4? Here's Why đđ
The crypto market is still having interesting fluctuations! In the recent trading session, when Bitcoin (BTC) fluctuated around the $60,000 mark, Toncoin (TON) price also had a slight correction. Currently, TON is at $6.5, down 1.38%. However, can Toncoin break the $10 barrier in Q4? Let's take a look at the important factors!
Toncoin's Active Addresses Are Growing Strongly đŒđ
According to data from Intotheblock, Toncoin's active addresses have recorded significant growth since the end of August. Currently, the number of active addresses has reached 2.89 million, while the number of new addresses has increased to 950,360. This is a clear sign of increasing interest from investors and users, showing the growing strength of the Toncoin network.
Toncoin Price Suggests a Big Breakout Opportunity đđ
Over the past 3 months, the Toncoin price has undergone a correction cycle from $8.22 to $4.5, but has recovered strongly, increasing by 45%. The Fibonacci tool shows that this is a reasonable correction, with a 50% recovery. Recently, Toncoin has regained the 200-day EMA, indicating that the bullish momentum is still very potential.
Currently, the TON price is retesting the 200-day EMA support and is likely to increase by 8%, aiming to challenge the upper trend line. Once this barrier is broken, Toncoin can continue its strong growth trend, with a short-term target of $8.2 and further to $10.
