Toncoin Price Prediction for Today, June 7 – TON Technical Analysis

The
Toncoin
price
prediction
reveals
that
TON
is
moving
bullishly
with
a
gain
of
1.05%,
as
the
coin
prepares
for
a
bullish
movement.

Toncoin
(TON)
Gains
6%
Following
Telegram’s
Stars
Withdrawal
Integration

Defying
the
broader
market
consolidation,
Layer-1
cryptocurrency
Toncoin
(TON),
closely
associated
with
Telegram,
has
surged
by
over
6.5%.
As
of
press
time,
Toncoin
is
trading
at
a
new
all-time
high
of
$7.65,
boasting
a
market
cap
of
$18.6
billion
and
trading
volumes
exceeding
$354
million.

Toncoin
Prediction
Statistics
Data:

• Toncoin
  price
  now
  –
  $7.41
• Toncoin
  market
  cap
  –
  $17.4
  billion
• Toncoin
  circulating
  supply
  –
  2.4
  billion
• Toncoin
  total
  supply
  –
  5.1
  billion
• Toncoin
  Coinmarketcap
  ranking
  –
  #9

TON/USD
Market

Key
Levels:

Resistance
levels:
$10.0,
$10.5,
$11.0

Support
levels:
$5.0,
$4.5,
$4.0

TON/USD
is
seen
trading
in
the
green
at
the
time
of
writing
as
the
coin
gets
ready
to
move
toward
the
upper
boundary
of
the
channel
with
a
gain
of
1.05%.
According
to
the
daily
chart,
the
candle
formation
is
currently
following
the
upward
movement.
However,
crossing
below
the
9-day
and
21-day
moving
averages
might
position
the
market
price
toward
the
south,
as
the
closest
support
level
is
around
the
$7.0
level.

Toncoin
Price
Prediction:
Toncoin
Price
May
Touch
the
$8.0
Resistance

The
Toncoin
price
is
currently
hovering
above
the
9-day
and
21-day
moving
averages.
However,
an
increase
toward
the
upper
boundary
of
the
channel
could
trigger
intense
buying
to
the
resistance
levels
of
$10.0,
$10.5,
and
$11.0
respectively.
On
the
contrary,
the
Toncoin
price
may
likely
hold
a
support
level
at
$7.0
which
could
be
the
daily
low.
Therefore,
if
the
Toncoin
price
drops
below
this
support
level,
it
may
likely
hit
the
closest
support
at
$6.5.

Meanwhile,
the
critical
supports
could
be
located
around
$5.0,
$4.5,
and
$4.0
if
the
selling
volume
keeps
increasing.
Nevertheless,
the
moving
averages
reveal
that
the
market
may
gain
more
upwards
if
the
9-day
MA
conveniently
crosses
above
the
21-day
MA.

TON/BTC
Could
Head
to
the
North

Against
Bitcoin,
the
buyers
are
likely
to
push
the

Toncoin
above
the
9-day
and
21-day
moving
averages.
Meanwhile,
from
the
upside,
the
nearest
level
of
resistance
lies
near
the
upper
boundary
of
the
channel
at
1350
SAT
and
above
if
the
buyers
can
increase
the
buying
pressure.

Looking
at
the
downside;
the
nearest
level
of
support
is
1000
SAT,
if
the
price
drops
further
to
create
a
new
low,
lower
support
could
be
found
at
750
SAT
and
below.
Furthermore,
if
the
9-day
MA
crosses
above
the
21-day
MA,
this
could
be
a
confirmation
that
the
market
may
follow
the
upward
movement.

Meanwhile,
@VikingXBT
informed
his
29k
followers
on
X
(formerly
Twitter)
that
$TON
is
set
to
onboard
numerous
retail
investors
and
will
likely
feature
at
least
one
significant
meme.
He
expressed
his
excitement
about
$durev,
noting
the
impressive
chart.
“I’m
going
long
here,”
he
stated.
There
are
also
rumors
of
multiple
airdrops
for
token
and
NFT
holders,
and
$TON
will
be
the
first
coin
listed
on
Coinstore
to
tap
into
the
rapidly
expanding
Asian
market.

I’m
of
the
belief
that

$TON
is
gonna
onboarding
so
many
retail
and
with
that,
also
have
at
least
one
gigantic
meme.

$durev
just
does
it
for
me!
Chart
looks
amazing.
I’m
long
here.

Rumors
of
multiple
airdrops
for
token
and
nft
holders,
and
and
first

$TON
coin
listed
on…

pic.twitter.com/oA46fZVPGp

—
VikingXBT
(@VikingXBT)

June
6,
2024

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Toncoin

Toncoin
has
shown
resilience
with
an
upward
trend,
bolstered
by
technical
analysis.
After
hitting
the
resistance
level
of
$7.86,
TON/USD
maintains
its
bullish
momentum,
with
the
9-day
Moving
Average
(MA)
indicating
continued
positivity.
As
the
9th
largest
cryptocurrency
with
a
market
cap
of
$17.4
billion,
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trend
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