TON sets new ATH

Toncoin (TON) showed significant price action last week, starting the week strong after a massive 8.6% jump on June 2. The impressive surge allowed the Telegram-based asset to close above $6.8 for the first time in three weeks.

TON maintained a bullish trajectory until hitting an all-time high of $7.86 on June 5. This figure surpasses the all-time high (ATH) of $7.67 set in April.

Toncoin ended last week with an 11% gain, despite a considerable decline in the following days. However, its on-balance volume (OBV) declined overall throughout the week.

Last week, TON’s OBV dropped from 155.3 million tokens to 127.8 million tokens. This divergence suggests that it may not have enough strength to sustain the uptrend into the new week. If a correction occurs, immediate resistance for TON lies at the 23.6% Fibonacci retracement level ($6.969). Brothers, like + follow, I will continue to update market analysis, high-quality potential currencies, first-hand cutting-edge information, and share the stories of netizens to avoid you stepping into the trap#hottrends#币安用户数突破2亿 #非农就业人数高于预期 #BTC翻倍之路 #热门文章