The price action of Toncoin has been solid with the token showing resilience amid a shifting market. Crypto experts have analyzed TON’s market position, future trajectory with some predicting a potential price rally and flipping of other top altcoins.
Crypto analyst, CRYPTO BREAKOUTgOD has shared his perception noting that TON will surge to double digits easily. Besides, X user mfckr.ton, has predicted that TON will imminently outperform tokens like BNB.
Toncoin Price Forecast
CRYPTO BREAKOUTgOD recently shared a bullish chart analysis, suggesting TON could reach $10 easily. The analyst stated,
“This chart is worth a $TON of words but I will keep it simple and straight to the point. $TON to an easy $10 price point is programmed.”
Their chart highlights a recent breakout from a descending channel formed in July, signaling a potential trend reversal.
This chart is worth a $TON of words but I will keep it simple and straight to the point $TON to an easy $10 price point is programmed pic.twitter.com/JLEpp6fxyO
— CRYPTO BREAKOUTgOD (@BREAKOUTgOD) August 11, 2024
The chart analysis reveals several bullish indicators for TON. A strong support zone near $6.00 has held firm, with previous resistance from March now acting as support.
Additionally, the MACD indicator has crossed to the upside, suggesting increasing buying momentum. An anticipated support zone just above $6.50 could serve as a launchpad for TON’s next upward move.
This technical setup, combined with the recent breakout, supports the case for a potential surge towards the $10 target.
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The Path to Flipping SOL and BNB
While TON has shown price momentum, some analysts, including user mfckr.ton, believe that Toncoin has the potential to surpass major cryptocurrencies. He notes that TON will likely Flip Solana (SOL) and Binance Coin (BNB).
Moreover, he confidently stated that people are still in denial and can’t believe that Toncoin is the future.
However, this is not an easy path. Both SOL and BNB currently have larger market caps than TON. Despite this, TON’s rapid ecosystem developments and strong community support are driving its growth, making it a contender in the race to flip these giants.
People are still in denial and still can’t believe $TON is the future.$TON will flip $SOL$TON will flip $BNBYet another prophecy.
— mfckr.ton (@mfckr_eth) August 10, 2024
Ecosystem Growth Fuels Price Momentum
Satoshi Sniper, another analyst, highlighted TON’s progress, tweeting, “$TON Price Momentum Shows Strength!”
The analyst pointed to recent milestones, Binance Listing, that have sparked a surge in TON’s price, reflecting growing confidence in the ecosystem.
Several factors contribute to TON’s upward trend. Strong community support, increasing adoption rates, and continuous technological innovations are driving interest in the platform.
As more users and developers engage with TON, the ecosystem expands, potentially fueling sustained growth. Will TON flip SOL and BNB?
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The post Toncoin Price Prediction: Expert Eyes “An Easy $10” – Will TON Flip SOL and BNB? appeared first on CaptainAltcoin.
