Toncoin has demonstrated noticeable resilience amidst market volatility, rallying by 18%, with speculation suggesting a possible climb towards the $5 mark. The
Ton Foundation is looking to join the popular trend of Crypto Treasury Companies by pitching Toncoin. Following a major Treasury boost of $400M and successful
wallet integration, it is predicted that Toncoin could experience a 20% bull run. These developments, including a 200-day EMA breakout, could fuel a 20% surge in Toncoin's value. Moreover, a recent NFT boom on the TON platform resulted in over 1.1 million new tokens being minted within two weeks.
Despite various positive indications, Toncoin experienced a 6% dip after UAE authorities denied claims associated with a golden visa. Trading volumes for Toncoin, Litecoin, and Stellar have increased significantly also; further enhancing investors' confidence. The successful launch of Telegram’s Crypto Wallet for 87M users has added strong momentum to Toncoin. Additionally, the TON Foundation has established a substantial $400M treasury, following the launch of TON Wallet.
Toncoin's future could be significantly influenced by a test breakout level emerging. The convergence of triangle resistance and the 200-day EMA near $3.59 might be key for positive breakout. Toncoin is currently maintaining close to $3, while bulls target the $3.59 resistance; a climb of 21% is eyed due to the emergence of a $400M Treasury deal.
Toncoin News Analytics from Thu, 20 Mar 2025 07:00:00 GMT to Wed, 30 Jul 2025 16:59:42 GMT -
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