Will Toncoin (TON) rise?

One of the most successful altcoins of 2024, Toncoin (TON), created a major trend with a parabolic price rally. The trend ended with the arrest of Telegram CEO Pavel Durov in France.

CryptoQuant analyst JA Maartun hinted that the price volatility in TON will end and the price will start a parabolic rise again. The analyst stated that the trading activity in Toncoin has decreased and the indicators point to the low-risk area. TON, which rose from $ 2 to $ 8, fell to $ 5.27 with the end of the bull run.

The analysis included the following statements;

“More cautious investors may start to like TON, accompanied by the intense whale activity in the last few months. If the trend plays out as predicted, TON may see a major increase in price. This scenario could see the altcoin return to its all-time highs.”

The Toncoin blockchain, where decentralized applications (dApps) have increased, has recently come to the fore. Crypto projects such as $DOGS , CATS and $HMSTR have increased network activity on Toncoin.

Toncoin, which hosts the Touch-to-Earn (T2E) craze, is expected to attract more users in the coming days. Experts predict that the network activity on the blockchain will keep TON strong. UToday, which expects an increase in the TON price, noted the following in its analysis:

“In general, Toncoin has the potential for further price increases and appreciation. The $TON price may soon reach its all-time high.”

TON, which has touched a significant resistance point, may continue its rise if it exceeds the $ 5.3 level. When the price chart is evaluated, it can be expected that the price will reach $ 5.45 in a short time if the $ 5.3 resistance is exceeded. One of the biggest resistance points in front of TON may be $ 5.55.

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