Toncoin (TON) has avoided a big price drop, and nobody expected it. This has sparked a new level of interest from crypto investors. The coin, which linked to Telegram, has shown strength in a very demanding and risky market. Analysts now predict it could reach $7 if it successfully breaks the $6.04 barrier.
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TON Defies Drop: Toncoin Price Prediction and Potential to Skyrocket
Source – Asia Crypto
Technical Indicators Signal Bullish Momentum
Source: TradingView
Recent market analysis reveals promising signs for Toncoin’s future performance. The Moving Average Convergence Divergence (MACD) indicator is showing a double-bottom bearish divergence, often interpreted as a precursor to a price uptick.
This technical formation is being closely watched by traders, and the WatcherGuru team as well.
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The MACD suggests less downward pressure. A bullish crossover may be coming. This could help Toncoin’s price break out of its current range.
Low Selling Pressure Supports Bullish Outlook
Toncoin’s market looks stable. Data shows few investors in profit are selling. Less than 16% of active addresses are profitable. This is often seen as a good sign, and it just might be the case now.
Most investors are holding their TON tokens. They may be waiting for higher prices to sell. This patience could help Toncoin’s price stay stable and grow.
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Toncoin Price Targets and Potential Obstacles
Toncoin trades at $5.62. It’s close to a key level that could change its direction. If TON can stay above $6.04, it might go much higher.
Breaking above $6.04 could push Toncoin to $7.09. This would be a big win for investors. It could boost faith in the coin’s future.
But if it fails to stay above $6.04, it might fall to $4.80. Going below this could lead to further drops, with $4.29 as the next support.
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Investors are watching how the Toncoin coin fluctuates, and the team at WatcherGuru is included in the same list. We will keep an eye out, and inform you of any possible profit-earning opportunities in the future. Stay tuned!
