Ton Coin (TON) Weekly Chart AnalysisTon Coin is poised to be an important and influential player in the future of blockchain. After experiencing a powerful uptrend in early 2024, which followed an ascending triangle pattern, the Ton coin is currently undergoing a price correction. This correction is expected to reach a very good level in the, presenting a promising entry point for short-term or medium-term investments.
Currently, the market is experiencing selling pressure, which can be advantageous for trading. However, for those looking to invest and hold, the price range around $3 will be a critical level to determine the value of this coin.
These conditions highlight the potential for a lucrative investment opportunity. Be sure to keep an eye on market movements and plan your strategy accordingly.
Disclaimer : This analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Always conduct your own research before making any investment decisions.
Good luck! 🎯
Armin-Academy
Tonusdt
Ankr Partners with TON Blockchain, Opening New OpportunitiesIn a groundbreaking development for decentralized application (dApp) developers, Ankr has announced its partnership with The Open Network ( CRYPTOCAP:TON ) blockchain. This collaboration aims to provide developers with a ready-made infrastructure, simplifying the process of building and deploying dApps. Ankr’s integration of TON into its Web3 API service gives developers instant access to essential tools, enabling the creation of next-generation dApps and digital assets within the TON ecosystem.
TON and Ankr: A Partnership for Web3 Growth
The TON blockchain, designed to power Web3 applications within Telegram’s vast ecosystem, is built on Telegram’s original technology. Its goal is to place crypto in the hands of 500 million users by 2028, offering them ownership over their digital identities, data, and assets. By joining forces with Ankr, TON opens the door for seamless development, removing many of the traditional barriers associated with blockchain dApp creation.
Ankr’s infrastructure eliminates the need for developers to set up their own TON nodes, saving countless hours of node operations and technical complexities. With TON RPCs (Remote Procedure Calls) provided by Ankr, developers can now access:
- Advanced tools for rapid application building: Ankr’s Premium RPC Plan offers dedicated TON endpoints, WebSockets capabilities, and support for up to 90,000 TON requests per minute.
- Prioritized requests and support: Developers using Ankr’s infrastructure gain access to priority support, ensuring faster development cycles.
- High-performance nodes: Ankr’s infrastructure connects developers to a decentralized network of high-performance nodes, allowing them to build and operate powerful applications on the TON chain.
As Chandler Song, Co-Founder and CEO of Ankr, stated, “Ankr is thrilled to support development on TON and ignite the proliferation of next-gen dApps, digital assets, games, and more on Telegram and beyond.”
TON’s Growing Ecosystem and Market Performance
TON is making significant strides in the broader blockchain market. With a live price of $5.16 USD and a 24-hour trading volume of over $147 million, Toncoin ( CRYPTOCAP:TON ) has become one of the top contenders in the cryptocurrency space, ranked #10 on CoinMarketCap. The Toncoin ( CRYPTOCAP:TON ) circulating supply currently stands at 2.54 billion TON coins, with a market cap of $13.1 billion.
Despite its steady market presence, CRYPTOCAP:TON is experiencing some technical challenges as the token currently trades within a falling trend channel, signaling a possible temporary dip. The RSI (Relative Strength Index) stands at 43.52, placing it in neutral territory and presenting a potential buying opportunity for investors. Although not yet oversold, TON’s RSI suggests room for a trend reversal.
Support and Resistance Levels:
- Immediate support for TON is currently at $4.70, a key level that could serve as a significant holding point.
- On the upside, resistance is at $5.70, TON's previous stronghold. Breaking through this resistance could set the stage for further price gains, with some analysts predicting a rebound as the coin stabilizes.
The Future of TON with Ankr’s Infrastructure
This partnership not only removes technical barriers but also empowers developers with the tools to build high-performance applications, digital assets, and games tailored for Telegram’s massive user base of 950 million. As Anthony Tsivarev, Director of Ecosystem Development at the TON Foundation, explained:
"Working with Ankr highlights our commitment to providing developers with the tools to rapidly build dApps on TON and leverage Telegram's vast global reach."
With a broader decentralized node infrastructure and seamless developer tools, Ankr and TON are poised to revolutionize how blockchain applications are built and deployed, opening a new chapter for the blockchain community.
Technical Outlook
At the time of writing, CRYPTOCAP:TON is showing a 0.53% increase, holding steady above key moving averages. The token’s recent price action suggests it is navigating a temporary sideways trend between $5 and $5.2. With support at $4.70 and resistance at $5.70, CRYPTOCAP:TON may continue to swing in this range unless a significant breakout occurs.
As the partnership with Ankr strengthens the TON ecosystem, the next few weeks could be crucial for its price momentum, with developers and traders keeping a close watch on the technical patterns that may shape TON’s future.
Conclusion
Ankr’s collaboration with CRYPTOCAP:TON brings a new level of ease and accessibility to dApp development, especially for projects building within the Telegram ecosystem. By providing instant access to a powerful and decentralized infrastructure, this partnership is expected to fuel the growth of innovative applications, digital assets, and more, setting the stage for a robust Web3 ecosystem on $TON.
Developers can now tap into Ankr’s Web3 API service to harness the potential of CRYPTOCAP:TON and create the next generation of decentralized solutions for millions of users worldwide. As the CRYPTOCAP:TON price shows signs of resilience, market participants and developers alike are optimistic about what lies ahead for this dynamic blockchain.
$TON | WHAT'S NEXT FOR TONCOIN?Toncoin is one of the most popular cryptocurrencies supported by the Telegram community. It has a circulating supply about 2.5 Billions out of 5.1 Billion which is huge. In June 2022, TON traded around $0.735, surged to $2.8, and then settled back to approximately $0.99. In February 2024, TON was listed on Binance as a futures trading asset at around $2.8, before experiencing a significant spike to $8.3. It subsequently broke the $4.8 level twice, in April 2024 and again in 5 August 2024.
A few days ago, Pavel Durov, the founder and CEO of Telegram, was arrested in France for failing to cooperate with investigations into cyber and financial crimes on the messaging app. This news caused Toncoin to plummet from $6.88 to $5, along with Notcoin and DOGS (a memecoin recently listed on Binance).
What’s next for Toncoin? We have two scenarios. In the first, if Durov is released soon, the coin could experience a dramatic surge above $7, potentially reclaiming its spot in the top 10 on CoinMarketCap. In the second scenario, if Durov's release is delayed, major investors might begin selling off their holdings, causing the market cap to drop significantly. This could also lead to increased regulatory scrutiny for Toncoin and related tokens like Notcoin and DOGS. Getting listed on major crypto exchanges, including Binance, may become more challenging, especially as Binance aligns with EU and US regulations.
Durov is released = Above $7
Durov's release is delayed = Cross down $4.8 then $3.8
*** This is not a financial advice, do you own research before investing!
TONUSDT Price Dynamics Leading Up to the Anticipated AltseasonTONUSDT has rebounded from its support level and is now hovering just below the significant psychological barrier at 6.00. The market currently finds itself in an accumulation phase, and a break above this crucial level could ignite a bullish rally. This signals the possibility of the market preparing for the next altseason. The price is also forming a compression pattern, resembling an ascending triangle. The rising trendline underneath has held as support for about a week, and if the price retests both the support and the trendline, I expect a bounce followed by a continuation of the upward move. My target lies within the resistance zone at 6.180.
TONUSDT Short Scalp IdeaWe're seeing some strong rejection on TONUSDT here. I feel like the price is going to retest the BOS structure, and then the POI Zone below.
Just trying my luck here at the short. Ideally, I'd like to enter at the POI zone for a long position. But with such a tight SL, doesn't hurt to give it a try.
Entry Price: 5.174
SL: 5.192 (Just above recent the high of the trend.)
TP1: 5.145
TP2: 5.12
TP3: 5.07
Will be trailing my Stop-Losses.
It'll give me around 1:5.78 RR. Going in with a small volume that I don't mind losing.
Happy Trading!
TONCOIN Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
TON is in a downtrend and currently trading below the 21 EMA, indicating the potential for a further bearish scenario.
The chart suggests a continued drop towards the support trendline, which could be considered a good entry point for TON.
For a bullish reversal, TON must break above the 21 EMA, either from the current price or after reaching the support line.
In a worst-case scenario, we have a lower support at $2.57, which could help hold the price.
Key levels:
- Primary Resistance: $5.77.
- Support/Entry Range: $4.08-$4.80.
- Target: $10-$12.
- Lower Support: $2.57.
DYOR. NFA.
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TONUSDT Potential up trend continuation after correctionTONUSDT bounced off the psychological level at 6.00 and is now heading toward the support level near 5.00. A significant bullish divergence has formed on the 1H timeframe, increasing the likelihood of a bounce off the support level and the downward trendline. The market may enter an accumulation phase between the 6 and 5 levels. With bearish momentum fading, the price could rebound. The target is the resistance zone at 5.670
TONUSDT: High Probability SetupsYello Paradisers! 🚨 If TONUSDT corrects lower, we could see a potential bounce from the identified demand zones. But for this to happen, we need confirmation.
💎TONUSDT needs to display a Change of Character (I-CHoCH) on the lower time frames, which would shift the structure to a bullish outlook and strengthen the likelihood of a bounce from this zone.
💎If the price falls below the initial zone, it could drop to our stronger demand area below. Don’t forget that there’s a supportive trendline in this region, which could act as an inducement for price. To validate this setup, look out for bullish patterns like a W pattern, Inverse Head and Shoulders, or signs of bullish divergence—these will make it a higher probability move to the upside.
💎However, if we see a strong candle close below these levels, it would invalidate this setup, and we would need to reassess the scenario. Remember, TON is fundamentally solid, so the focus should be on high-probability long setups. Patience and precision are key here, Paradisers!
Stay strategic and wait for the best opportunities—consistency is what sets the pros apart from the rest.
MyCryptoParadise
iFeel the success🌴
Toncoin is likely stuck below $6 until the end of OctoberToncoin (TON) price has experienced turbulent movement in recent weeks, with failed attempts to secure $5.96 as a support level. Since then, the price of the Telegram-linked cryptocurrency has faced a correction, and it is currently trading below key support levels.
This downward trend has raised concerns among investors, with many questioning whether TON can regain its bullish momentum and potentially break above $6 by the end of October.
The Ichimoku Cloud indicator is signaling considerable bearishness for Toncoin. The cloud is positioned above the candlesticks, which is generally viewed as a negative indicator for price action.
Meanwhile, Toncoin is currently trading at $5.29, below the crucial support level of $5.37, following an 11.5% drawdown over the past week. If the selling pressure continues, TON may drop further, with a potential decline to $4.86. This would extend the recent losses and place additional strain on the coin’s outlook.
The range between $5.37 and $4.86 has acted as a consolidation zone in the past, meaning that TON could enter another period of stagnation. If consolidation occurs, it would likely prolong investor losses and delay any potential recovery.
To invalidate this bearish outlook, Toncoin would need to reclaim $5.37 as support. Securing this level could provide a much-needed boost, allowing the cryptocurrency to make another attempt at $5.96, bringing it closer to the $6.00 target.
TON buyTONUSDT 2024-09-30 | 📊 Technical Analysis and Trade Setup 💹
Toncoin (TONUSDT) is currently in a mild uptrend, trading around 5.799 USDT. The price action shows a steady recovery after a significant drop, with higher lows indicating increasing buyer strength 📈. Key support levels are at 5.611 and 5.037 USDT, while resistance stands at 6.150 and 6.750 USDT.
🚀 Buy Entry: 5.799 USDT
🎯 Take Profit (TP-1): 5.581 USDT
🎯 Take Profit (TP-2): 5.811 USDT
🎯 Take Profit (TP-32): 6.150 USDT
🔻 Stop Loss (SL): 5.037 USDT
If the price holds above the support zone and breaks through resistance, we could see further upward momentum 📈. Manage your risk with a strict stop-loss below 5.037 USDT ⚠️.
Toncoin price rise above $6: possibilitiesToncoin’s (TON) price recently failed to breach the crucial resistance level of $6.00, a key psychological barrier. Although the altcoin reached $5.96, it could not sustain the momentum needed to flip this level into support.
Despite this setback, the possibility of recovery remains, with Toncoin still holding the potential for upward movement.
The macro momentum for Toncoin has started to show signs of weakness. Moving Average Convergence Divergence (MACD) indicator, widely used to gauge momentum, suggests that bullish momentum is dissipating. The receding green bars on the histogram point to this loss of momentum, indicating a weakening bullish trend.
Toncoin is currently trading at $5.81, having recently failed to breach the resistance at $5.96. This resistance is pivotal for the cryptocurrency, as breaking past it would pave the way for an attempt to cross the $6.00 mark, a level that remains elusive.
Despite the failed breach, Toncoin still has a chance at flipping $5.96 into support. If successful, this could trigger a rally that would push the altcoin higher, with $6.36 being the next target for bullish investors.
However, if Toncoin fails to break $5.96 again and bullish momentum continues to wane, the asset may enter a consolidation phase. This could result in Toncoin trading between $5.37 and $5.96, potentially invalidating the current bullish outlook.
TON : The prospect of increasing?BINANCE:TONUSDT
As you can see, the price has risen after reaching the support level, and this could be the beginning of a 5-wave upward movement. The completion of the downward waves (abc) ,increases this bullish signal.
Analysis Summary:
Current Situation:
The price has risen after reaching the support level, indicating a potential bullish reversal. This upward movement could be the start of a 5-wave bullish pattern.
Wave Structure:
The chart indicates the completion of the downward corrective waves (A, B, C), increases the likelihood of a bullish trend, as the market may now enter the 5-wave upward movement.
Potential Scenarios:
Bullish Scenario:
If the price continues to rise, it could follow the 5-wave pattern, indicating a strong bullish trend. This would mean higher highs and higher lows, confirming the upward movement.
Key Levels to Watch:
Traders should monitor the support level to ensure it holds. If the price stays above this level and continues to rise, it confirms the bullish scenario.
Conclusion:
The chart combines support levels and Elliott Wave Theory to predict a potential bullish trend. The rise in price after hitting the support level and the completion of the downward waves suggest that the market may now enter a 5-wave upward movement, indicating a strong bullish signal.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON 4H possible Short setup - Sep 24 2024#TON has seemingly formed a symmetrical triangle and it seems it's going to make a breakout from below.
The trigger for the Short entry would be a 4H close below the 5.44 level and the targets would be: 5.28 - 5.11 - 4.94 - 4.77
Stoploss would be 5.56. Max lev allowed 3X
TONTON/USDT Analysis: 4-Hour Timeframe 📊
The chart displays Toncoin’s performance against USDT on a 4-hour timeframe, highlighting important dates for potential price movements.
🟢 September 26, 2024 - Buy Date (Green Line):
This date signals a potential local bottom for TON, indicating a possible buying opportunity before an expected price increase.
🟢 September 29, 2024 - Buy Date (Green Line):
Another local bottom is forecasted for this date, presenting another opportunity to enter long positions as a price increase is expected following this period.
🟢 October 9, 2024 - Buy Date (Green Line):
A significant bottom is anticipated around this date, making it a favorable moment to accumulate or enter long positions before the next expected upward movement.
🕒 Note: All times are based on Los Angeles time (UTC -7). Always consider a potential margin of error of 1-2 candles and cross-reference this analysis with additional indicators for confirmation.
TONUSDT Potential Buy OpportunityTONUSDT has formed a double bottom below the crucial 5.00 level and subsequently rebounded, closing above it. However, recent price action shows signs of weakening, as indicated by bearish divergence, which suggests the possibility of a pullback. Historically, the price has been consolidating within the 5.0 to 6.0 range, forming a triangular pattern. This implies that the market could stay confined within this range for a while. The price might pull back toward the key support level, potentially treating the double bottom as a false breakout. The target is the resistance zone around 5.90
Toncoin (TON) price analysisToncoin’s (TON) price has seen relative stability in recent price action, holding firmly above the $5.49 support level. However, for true recovery and significant growth, TON needs to flip the $5.96 resistance into support.
Only after crossing this threshold can TON unlock its potential to deliver substantial profits to investors.
Toncoin is on the verge of a major profit breakthrough, potentially bringing billions of dollars into the market. Data from the Global In/Out of the Money (GIOM) indicator reveals that around 773 million TON tokens, worth approximately $4.2 billion, were purchased between the price levels of $5.41 and $5.94. If TON manages to break past the $5.96 mark, the entire supply purchased within this range would turn profitable.
This surge in profitability could lead to increased bullish sentiment, as investors who have been holding Toncoin for an extended period would be incentivized to maintain their positions. This scenario could further drive up demand, pushing Toncoin’s price higher as more investors enter the market to capitalize on potential gains.
Given the current sentiment, Toncoin is expected to continue consolidating between $5.49 and $5.96. This sideways movement will likely delay any breakout above the upper limit, potentially keeping the token in its current range for a while.
However, if bullish momentum overtakes bearish sentiment, Toncoin could breach the $5.96 barrier. This move would trigger profits for holders of the $4 billion worth of TON supply bought between $5.41 and $5.94, thus invalidating the bearish-neutral outlook and setting the stage for further gains.
Toncoin/USDT: Bearish Breakdown Threatening Key Support Levelhello guys.
I said my perspective about ton before:
let's go through the lower level:
The price of Toncoin (TON) is facing resistance from a descending wedge pattern, with multiple rejections from the upper boundary.
Price has not engulfed the previous highs, indicating that bulls are losing momentum and a breakout to the upside is less likely for now.
Fibonacci retracement levels are drawn, with the 0.618 level acting as a strong resistance zone.
If the current support (marked with the trendline) breaks, it could confirm a bearish continuation.
The first major target to the downside is the $5.17 level, which aligns with previous support.
A further breakdown could drive the price towards the $5.00 psychological support, a critical zone for bulls to defend.
A breakdown below $5.00 would open the path for deeper bearish targets.
Summary:
Descending wedge pattern with no bullish engulfing.
Price is testing support; a break could lead to a significant downside move.
Key support levels at $5.17 and $5.00.
Bearish continuation if these supports fail.
___________________________
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TONCOIN: $10 Possible!Hello traders,
I hope you all are doing well.
TONCOIN is under a rising wedge pattern and is leaning toward the support trendline. It would be a 30% drop if TON reached the support trendline of $3.8.
This range is a good accumulation zone for TON. If we can get TON at the price point of the lower support of $2.56 then it will be awesome.
With the current price of TON at $5.5, a breakout above the 50 EMA resistance will likely invalidate the drop and the price could seek for a higher rally.
In the end, whether TON starts to rally from CMP or the lower support, the target of $10-$12 is inevitable.
Important points:
- Current Struggle: $50 EMA resistance, rejection is likely.
- Accumulation Range: $3.8-$.
- Lower Accumulation Range: $2.56.
- Target: $10-$12.
I hope you find this update helpful. Make sure you do your research and analysis before making any decision.
Regards,
Team Dexter
#cryptocurrency #TON
TONUSDT - UniverseMetta - Analysis#TONUSDT - UniverseMetta - Analysis
Formation of a 3-wave structure from the lower boundary of the correction movement, since the movement is lateral, one can expect a move to the upper boundary. In the opposite scenario, for further decline, it is necessary to exit the sideways movement. Since rebounds from the boundary are within 50%, one can see an excellent risk/profit ratio of 1:5 and 1:7.
Target: 6.161 - 8.190