Why Toncoin (TON) Could Hit $10 in 2025?
Toncoin (TON) is showing positive signs despite the current decline in the cryptocurrency market, as it retested a strong support level at $4.8, a level that has been stable for 8 months.
The currency is forming a bullish pattern on the weekly time frame, with it bouncing off the 50-week simple moving average (50-SMA) and the 50% level on the Relative Strength Index (RSI), indicating a possible imminent recovery.
Reasons to be optimistic about Toncoin in 2025
1. Ecosystem Growth: TON has expanded into a powerful Web3 platform powered by Telegram mini-apps.
• Total value locked (TVL) crossed $247 million.
• Daily active users exceed 5 million thanks to apps like Notcoin.
2. Telegram support:
• Telegram achieved annual revenues of over $1 billion in 2024, with over 12 million paid subscribers.
• The company has cash reserves of over $500 million, which greatly supports the TON network.
Future expectations
• If the coin breaks the current triangular pattern, it is expected to see a rise above $10 in 2025.
• On the other hand, it may retest the support level at $4.44 before taking off towards its highest levels during the first half of 2025.
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