SasanSeifi| TONCOIN:Is a Further Correction Coming?Hey there, ✌
🔹In the daily timeframe, analysing the KUCOIN:TONUSDT chart, reveals that the price has been on a downward trend since the $8 level. After breaking the crucial $6 support, this downtrend extended to around $4.80. Following this decline, the price saw a nearly 50% recovery and pulled back to $6, but then faced further correction to $4.50.
🔵Currently, with the price not stabilizing below the previous LOW, it has managed to grow at least 50% from the previous correction leg. The medium-term outlook remains generally bearish. If the price fails to break significant resistance levels between $6 and $6.50 and confirm a SELL signal while completing the pullback, further price correction towards $4 and potentially $3.50 might occur.
💢However, if resistance levels are broken and stabilize, the price may rise towards the $7.50 to $8 range. In this case, further analysis will be needed to determine if the previous high will be surpassed and whether the bullish trend will continue.❗❓
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TONCOINUSDT.PS trade ideas
Be careful with TONCOIN !!!BINANCE:TONUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $6 Stay tuned for more updates, thanks.
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON Blockchain Fixes Two Critical Vulnerabilities: Good for ThemThe TON blockchain has recently rolled out update v2024.10 and FunC 0.4.5, setting the stage for substantial improvements in network performance and efficiency. This strategic upgrade has reignited optimism among investors, raising questions about whether Toncoin ( CRYPTOCAP:TON ) could reach the much-anticipated $20 price target.
Critical Update to the TON Ecosystem
According to a recent GitHub release, the update v2024.10 introduces sweeping changes to the TON ecosystem. One of the most notable enhancements includes increased synchronization speed and more efficient garbage collection (GC), which is crucial for systems running on slower disk drives. This optimization is expected to reduce overall latency, making the network more robust and responsive.
The update also minimizes network traffic, decreasing the volume of data transmitted and thereby improving efficiency across the board. Furthermore, the development team has streamlined the creation of channels and Distributed Hash Table (DHT) lookups, ensuring that network responsiveness is maintained even during peak demand.
Another significant advancement comes from fixing a critical bug in FunC, the smart contract language used on the TON blockchain. The patch enhances code execution and correctness, reinforcing the network's reliability. Minor improvements to the TON Virtual Machine (TVM) have also been introduced, collectively making the ecosystem more attractive to developers and market participants.
Market Sentiment Shifts: Toncoin’s Potential Rally to $20
Despite recent bullish developments, Toncoin ( CRYPTOCAP:TON ) has been grappling with bearish pressure. At press time, the token is trading at $4.83, having experienced a 2% dip in the past 24 hours. Weekly and monthly price charts reflect a 5% and 12% decline, respectively. Yet, the market is abuzz with speculation that these advancements could set the stage for a significant rebound.
We have projected a bullish scenario, envisioning Toncoin's potential surge to $15 and potentially $20 in the long term. This optimistic outlook is backed by a steady increase in token holders and favorable market technicals. As Toncoin ( CRYPTOCAP:TON ) rides the wave of its ecosystem enhancements, investor sentiment appears to be shifting, even in the face of broader market volatility.
Technical Analysis: Key Levels to Watch
Toncoin is currently trading with a mild 1.69% uptick and an RSI (Relative Strength Index) of 41, indicating a slightly oversold condition. The token is fighting to hold its $4 support level, a critical zone that has kept further declines at bay. As it struggles to gain momentum, the next significant resistance point lies at $5.37, a level aligned with the 50-day moving average (MA).
Encouragingly, the current daily candlestick patterns suggest the formation of a "Three White Soldiers" pattern. This bullish reversal indicator, if completed, could propel Toncoin ( CRYPTOCAP:TON ) toward the $5.3 pivot. The impending formation of the third candlestick will be crucial, as it could confirm a stronger upward trend fueled by the network’s recent updates.
However, Toncoin's near-term performance remains intricately tied to Bitcoin (BTC), which has been swinging around the $70k pivot. If BTC continues to exhibit high volatility, it could influence Toncoin’s price movements, making the broader crypto market a significant factor to watch.
Key Takeaways
The fundamental advancements in the TON blockchain offer a compelling reason for investors to remain hopeful. The improvements in network efficiency, reduced latency, and enhanced code reliability have positioned the TON ecosystem as a promising platform for developers and users alike. These upgrades could act as catalysts for driving Toncoin’s price higher, especially if the bullish "Three White Soldiers" pattern materializes.
In summary, while Toncoin ( CRYPTOCAP:TON ) faces immediate resistance at the $5.37 mark, the combination of technical indicators and recent network updates could provide the momentum needed for a broader rally. Should market conditions align, Toncoin ( CRYPTOCAP:TON ) may very well aim for the ambitious $20 target, making it a token worth monitoring closely in the coming weeks.
TONUSDT Potential up SwingTONUSDT is currently moving sideways, hovering just above the psychological level of 5.00 and consistently bouncing off this key level. The price action is forming an inverse head and shoulders pattern, which suggests a potential upward move toward higher levels. Additionally, the market is testing the downward trendline, and a breakout above this line could signal the start of a bullish trend. As long as the price remains above 5.00, the expectation is for a continued bullish move. The target is the resistance zone around 5.520
TON Analysis: Trading Near Key Support in Downtrend📈 TON Analysis: Trading Near Key Support in Downtrend 🚀
CRYPTOCAP:TON is still within the downtrend but nearing a strong support level identified as a good entry point in previous analysis. Entry and targets remain unchanged, maintaining the previous setup.
#Crypto #TON #PricePrediction #TechnicalAnalysis
The Open Network (TON) & TelegramThe Open Network price today is $1.6 with a 24 hour trading volume of 10 million dollar. TON price is up 11% in the last 24 hours
Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability.
Telegram users can now buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments
If you got it at 1$ like me its time to take some profits
1.7 , 1.9 and 2.1 are next targets
TON: rally to $6 begins?While TON’s price might have fallen below $5, IntoTheBlock data shows that the token’s Coins Holding Time has increased. Within the last seven days, this metric, which measures the amount of time a cryptocurrency has been held without being sold, is up 142%
Since it increased, it indicates that Toncoin short-term holders believe that a rebound could be close.
From the technical point of view, Toncoin is witnessing a massive rise in the Money Flow.
A continued rise in buying pressure might drive Toncoin’s price up to $6.15.
However, if Toncoin short-term holders opt to sell some assets, this upward trajectory could be disrupted, potentially causing the price to slide back to $4.46.
TON Toncoin potential SelloffTelegram CEO Pavel Durov has been charged for failing to prevent extremist and illegal content on the messaging platform and placed under judicial supervision, according to the Paris prosecutor's office on August 28.
Durov must report to the police twice a week and is barred from leaving France, the prosecutor's office stated on X.
Parisian investigative judges have also ordered the Russian-born Telegram co-founder to post 5 million euros in bail.
Meanwhile, TON Toncoin is currently in a bearish falling wedge pattern, with a new price target of $3.9.
TON ANALYSIS📊 #TON Analysis
✅There is a formation of Descending Channel Pattern in daily timeframe.
Currently #TON is trading around its major support zone. We could see a good pullback now.
👀Current Price: $4.916
🚀 Target Price: $5.900
⚡️What to do ?
👀Keep an eye on #TON price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#TON #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Toncoin: What To Do Now? How To Approach This Pair?We know it is going down so we don't need to speculate on price direction. We can look at signals and technical analysis supporting this bias, but we already know it based on what has been happening.
➢ How to approach this pair?
➢ What would you do if you were holding a ton of Toncoin?
We have a volume breakout. Yesterday, TONUSDT produced the highest bearish volume in more than three weeks. This was a bearish day so red volume; selling. This confirms and further reinforces the downtrend and bearish bias we are seeing on the chart.
Even if I were a long-term holder, even if my intention is to build a very strong and big position on Toncoin, I would sell. I would sell as much as possible with the intention of buying again when prices are lower. Why? Because the recovery tends to last a long time. When the crash happens and prices become lower, we always tend to think, "I should have sold when prices were up." Knowing this, I would personally sell when prices are high to buy again when prices are low.
Other situations also call for selling when prices are high. Don't get me wrong, we love the project, we love the market and we love Crypto, but we read the chart. We write for traders or people who intend to trade. Sell before a drop, buy before a rise.
➖ Toncoin is aiming lower and has been dropping since June 2024. The drop is not over, and the chart is saying that it can easily print another low. A new low, a lower low and a major low. We can soon see TONUSDT trading around $2 which is more than 50% below the current price.
This is just my experience and a friendly reminder, not to be construed as financial advice.
I am wishing you success.
You are special and you deserve the best. Regardless of what anybody says. So, get your things straight and do whatever you need to do to protect your capital before the correction ends.
Thank you for reading.
Namaste.
#TON/USDTWe have an ascending channel model on the 4-hour frame, the price is moving within it and adhering to its borders well and heading to break it down.
We have a resistance area in green at a price of 5.90 if the price touches it and rebounds from it.
We have a trend to touch the moving average of 100.
We have an upward trend on the RSI indicator that supports further decline.
Entry price 5.65.
First target 5.50.
Second target 5.22.
Third target 4.87
TONUSDT Potential breakout from a down trendTONUSDT is in a prolonged sideways movement above the psychological level at 5.00, creating a range between 5.00 and 5.40. This structure suggests potential liquidity beneath the 5.00 level, particularly as it aligns with the round number. It’s likely the market may continue moving sideways before eventually dipping to capture this liquidity. Additionally, the formation of an inverse head and shoulders pattern hints at a possible bullish reversal. If the pattern completes, it could signal a shift in momentum and a potential breakout above the range. The mid-term target is the resistance zone at 6.00
Lingrid | TONUSDT inverse HEAD and SHOULDERS patternBINANCE:TONUSDT is currently experiencing a prolonged sideways movement above the psychological level at 5.00, forming a range between 5.00 and 5.40. This indicates potential liquidity under this range, particularly at the round number of 5.00. It's likely that the market may continue to move sideways for a while before taking this liquidity. Additionally, the formation of an inverse head and shoulders pattern suggests a possible reversal ahead. If this pattern completes successfully, it could indicate a bullish shift in momentum, potentially leading to a breakout above the range. My mid-term goal is resistance zone 6.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Ankr Partners with TON Blockchain, Opening New OpportunitiesIn a groundbreaking development for decentralized application (dApp) developers, Ankr has announced its partnership with The Open Network ( CRYPTOCAP:TON ) blockchain. This collaboration aims to provide developers with a ready-made infrastructure, simplifying the process of building and deploying dApps. Ankr’s integration of TON into its Web3 API service gives developers instant access to essential tools, enabling the creation of next-generation dApps and digital assets within the TON ecosystem.
TON and Ankr: A Partnership for Web3 Growth
The TON blockchain, designed to power Web3 applications within Telegram’s vast ecosystem, is built on Telegram’s original technology. Its goal is to place crypto in the hands of 500 million users by 2028, offering them ownership over their digital identities, data, and assets. By joining forces with Ankr, TON opens the door for seamless development, removing many of the traditional barriers associated with blockchain dApp creation.
Ankr’s infrastructure eliminates the need for developers to set up their own TON nodes, saving countless hours of node operations and technical complexities. With TON RPCs (Remote Procedure Calls) provided by Ankr, developers can now access:
- Advanced tools for rapid application building: Ankr’s Premium RPC Plan offers dedicated TON endpoints, WebSockets capabilities, and support for up to 90,000 TON requests per minute.
- Prioritized requests and support: Developers using Ankr’s infrastructure gain access to priority support, ensuring faster development cycles.
- High-performance nodes: Ankr’s infrastructure connects developers to a decentralized network of high-performance nodes, allowing them to build and operate powerful applications on the TON chain.
As Chandler Song, Co-Founder and CEO of Ankr, stated, “Ankr is thrilled to support development on TON and ignite the proliferation of next-gen dApps, digital assets, games, and more on Telegram and beyond.”
TON’s Growing Ecosystem and Market Performance
TON is making significant strides in the broader blockchain market. With a live price of $5.16 USD and a 24-hour trading volume of over $147 million, Toncoin ( CRYPTOCAP:TON ) has become one of the top contenders in the cryptocurrency space, ranked #10 on CoinMarketCap. The Toncoin ( CRYPTOCAP:TON ) circulating supply currently stands at 2.54 billion TON coins, with a market cap of $13.1 billion.
Despite its steady market presence, CRYPTOCAP:TON is experiencing some technical challenges as the token currently trades within a falling trend channel, signaling a possible temporary dip. The RSI (Relative Strength Index) stands at 43.52, placing it in neutral territory and presenting a potential buying opportunity for investors. Although not yet oversold, TON’s RSI suggests room for a trend reversal.
Support and Resistance Levels:
- Immediate support for TON is currently at $4.70, a key level that could serve as a significant holding point.
- On the upside, resistance is at $5.70, TON's previous stronghold. Breaking through this resistance could set the stage for further price gains, with some analysts predicting a rebound as the coin stabilizes.
The Future of TON with Ankr’s Infrastructure
This partnership not only removes technical barriers but also empowers developers with the tools to build high-performance applications, digital assets, and games tailored for Telegram’s massive user base of 950 million. As Anthony Tsivarev, Director of Ecosystem Development at the TON Foundation, explained:
"Working with Ankr highlights our commitment to providing developers with the tools to rapidly build dApps on TON and leverage Telegram's vast global reach."
With a broader decentralized node infrastructure and seamless developer tools, Ankr and TON are poised to revolutionize how blockchain applications are built and deployed, opening a new chapter for the blockchain community.
Technical Outlook
At the time of writing, CRYPTOCAP:TON is showing a 0.53% increase, holding steady above key moving averages. The token’s recent price action suggests it is navigating a temporary sideways trend between $5 and $5.2. With support at $4.70 and resistance at $5.70, CRYPTOCAP:TON may continue to swing in this range unless a significant breakout occurs.
As the partnership with Ankr strengthens the TON ecosystem, the next few weeks could be crucial for its price momentum, with developers and traders keeping a close watch on the technical patterns that may shape TON’s future.
Conclusion
Ankr’s collaboration with CRYPTOCAP:TON brings a new level of ease and accessibility to dApp development, especially for projects building within the Telegram ecosystem. By providing instant access to a powerful and decentralized infrastructure, this partnership is expected to fuel the growth of innovative applications, digital assets, and more, setting the stage for a robust Web3 ecosystem on $TON.
Developers can now tap into Ankr’s Web3 API service to harness the potential of CRYPTOCAP:TON and create the next generation of decentralized solutions for millions of users worldwide. As the CRYPTOCAP:TON price shows signs of resilience, market participants and developers alike are optimistic about what lies ahead for this dynamic blockchain.
$TON | WHAT'S NEXT FOR TONCOIN?Toncoin is one of the most popular cryptocurrencies supported by the Telegram community. It has a circulating supply about 2.5 Billions out of 5.1 Billion which is huge. In June 2022, TON traded around $0.735, surged to $2.8, and then settled back to approximately $0.99. In February 2024, TON was listed on Binance as a futures trading asset at around $2.8, before experiencing a significant spike to $8.3. It subsequently broke the $4.8 level twice, in April 2024 and again in 5 August 2024.
A few days ago, Pavel Durov, the founder and CEO of Telegram, was arrested in France for failing to cooperate with investigations into cyber and financial crimes on the messaging app. This news caused Toncoin to plummet from $6.88 to $5, along with Notcoin and DOGS (a memecoin recently listed on Binance).
What’s next for Toncoin? We have two scenarios. In the first, if Durov is released soon, the coin could experience a dramatic surge above $7, potentially reclaiming its spot in the top 10 on CoinMarketCap. In the second scenario, if Durov's release is delayed, major investors might begin selling off their holdings, causing the market cap to drop significantly. This could also lead to increased regulatory scrutiny for Toncoin and related tokens like Notcoin and DOGS. Getting listed on major crypto exchanges, including Binance, may become more challenging, especially as Binance aligns with EU and US regulations.
Durov is released = Above $7
Durov's release is delayed = Cross down $4.8 then $3.8
*** This is not a financial advice, do you own research before investing!
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Let's analyse TONUSDT technically.
TONUSDT is currently trading within a defined pattern, presenting a potential opportunity for accumulation. The price is supported by both the trendline support and a horizontal support level, increasing the likelihood of a rebound. A bullish crossover in the Relative Strength Index (RSI) indicates a potential upward trend.
Key Levels:
Support:
$5.28 to $4.98
Resistance:
$5.62 (futures)
$6.08
$6.89
$8.16
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