Price Analysis View Non-AMP

Toncoin Achieves A New ATH! TON Price On The Path To Hit $10?

Published by
Elena R

The Toncoin (TON) price has successfully recorded a new all-time high (ATH) of $7.78 during the early trading hours today, highlighting an increase in the buying-over-selling pressure for the altcoin in the crypto market.

Positively, Toncoin price has recorded a surge of 148% in its trading volume and added 13.30% within the past day. Moreover, the altcoin has added 17.76% within the past week and 30.88% over the past month.

Toncoin Records A Bullish Breakout:

After hovering close to its important support level of $6.325 for a brief period, the bulls regained momentum over the past weekend and since then, the TON price has added 24.71% to its valuation. This resulted in the altcoin recording a new ATH.

With a Year-to-Date (YTD) return of 228% in valuation and a market cap of $18.26 Billion, the Toncoin (TON) price has successfully reclaimed the position of the 9th largest cryptocurrency in terms of market cap by surpassing Cardano (ADA) token.

The technical indicator, SMA constantly supports the price chart in the 1D time frame, suggesting an increase in the buying sentiment for TON price in the crypto space.

On the other hand, the Relative Strength Index (RSI) successfully retested its mid-point, resulting in it experiencing a significant uptrend toward the overbought range. Moreover, the average shows a bullish curve, suggesting the price will continue gaining value in the coming time.

Will TON Price Hit $10 In June?

If the market holds the price above the support level of $7.250, the bulls will continue gaining momentum and test its resistance level of $8.725. Maintaining the price at that level will set the stage for Toncoin price to test its upper resistance level of $10 during the upcoming weeks.

Conversely, if the bears overpowered the bulls, the TON coin price would lose momentum and test its support level of $7.250. Furthermore, if the bears continue to overpower the bulls, it will plunge further and prepare to test its lower support level of $6.325 in the coming time.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025