Toncoin (TON) has faced a drop from its all-time high of $8.25 in June 2024 to around $5.29 today. But despite this, I see this dip as a strong opportunity for long-term growth. Hereās why Iām still bullish on TON:
š Fundamentals Are Strong:
- Ecosystem Growth: Toncoinās integration with Telegram continues to expand its utility, especially with features like Telegramās token ecosystem and growing dApp.
- DeFi & Gaming Boom: TON is seeing impressive activity in both DeFi and gaming, with over 20.6 million active wallets and key games like Hamster Kombat driving user growth.
š Technical Indicators:
- Support Levels: Toncoin has bounced back from $4.68, a key support level, and avoided forming a bearish ādeath crossā signal. This indicates a strong potential for a bullish breakout.
- Targets: Analysts are eyeing $7.28 as the next target for TON if momentum continues to build.
Why I'm Bullish:
TONās drop is part of normal market cycles, but the combination of its strong network fundamentals and growing use cases signals a long-term upward trend. Iām accumulating at these levels, expecting a push back toward $7+ in the near future!
Whatās your take on TONās recent moves? Letās discuss! š¬š