Toncoin (TON) Bullish Rally Coming Soon? A renowned cryptocurrency analyst has revealed a prediction of a potential bullish rally for the Toncoin (TON) cryptocurrency on the horizon. Expert Ali Martinez analyzed TON’s price action, suggesting a breakout of over 10% for the asset soon.
According to a technical analysis by Martinez released on social media platform X on June 27, Toncoin, a native cryptocurrency of the TON network, is set to rise 12% in price. The TON decentralized layer-1 blockchain was developed in 2018 by encrypted messaging platform Telegram.
According to the analyst, if this high is triggered, the price of Toncoin will be boosted to the US$9 level, thus reaching a new historical high in its ecosystem.
“Toncoin is poised for a 12% surge towards $9 after breaking out of an ascending triangle!” the expert wrote while sharing a chart with the TON price projection.
#Toncoin is poised for a 12% rise towards $9 after breaking out of an ascending triangle!
I’m heading to @coinexcom to take advantage of their 50% discount on $TON purchases. Learn more here 👇https://t.co/la2PwiuGHC pic.twitter.com/7UXB1WZ5PY
— Ali (@ali_charts) June 27, 2024
The highest price paid for Toncoin (TON) was $8.25, recorded on June 15, 2024 (14 days). Comparatively, the current price is 8.56% lower than the cryptocurrency’s all-time high. At the time of publication, Toncoin’s price was quoted at $7.54 with a 1.2% increase in the last 24 hours. In the last seven days, TON has appreciated by 6.6%.
It is worth noting that Martinez recently shared an epic bullish prediction for Toncoin. According to the analyst, the Toncoin cryptocurrency was gearing up for a potential bullish breakout of an impressive 40%, targeting the $11 price zone.
Toncoin (TON) is a cryptocurrency that has been gaining prominence in the crypto market. Toncoin was initially created by the Telegram messaging app team, and the Toncoin network was designed to be high-performance, being able to handle high volumes of applications and transactions.
Disclaimer:
The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/toncoin-ton-definido-para-alta-de-12-em-seu-preco-novo-ath/
