Will Toncoin Be $10?
The value of $TON coin has fallen by 17% in the past week as the market struggles to recover. Despite these challenges, the cryptocurrency has shown signs of resilience
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The crypto market experienced a sharp decline on August 28 due to widespread liquidations and institutional takedowns. While major cryptocurrencies such as #Bitcoin and $ETH suffered significant losses, #TON coin remained resilient and outperformed its rivals.
A recent analysis of Toncoinâs price action suggests a promising uptrend. If this positive momentum continues, Toncoin will break the $8 level. With sustained growth, it could approach $9 and potentially reach the $10 milestone soon.
The Moving Average Convergence Divergence (MACD) shows that the cryptocurrency is experiencing bearish momentum. The MACD line is positioned below the signal line. The downward movement in the MACD histogram further confirms this and indicates increasing bearish pressure.
According to Coinglass data, recent movements in the financial markets show a mixed signal regarding investor sentiment and market liquidity. Total trading volume increased by 60.88% to $2.65 billion, indicating a significant increase in trading activity.
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