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Imran
Published on Sep 16, 2023 at 3:44 PM
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Toncoin (TON) Price Continues Bullish Momentum: Eyes $3 Threshold EDITORS NEWS
Telegram has made public its decision to include the crypto wallet Ton Space.
If bulls could drive the price above $2.66 level then it will likely rally all the way till $3 mark.
After receiving support from the popular messaging platform Telegram, Toncoin has been one of the top performers in recent times. Telegram, a widely used chat service, has made public its decision to include the crypto wallet Ton Space. Toncoin’s price performance has been significantly impacted by the integration with Telegram, which has contributed to the coin’s recent bullish momentum.
Significant Price Surge
In the last 30 days, Toncoin has increased in value by approximately 50%; during the last week, it has surged by 23%; and over the past 24 hours, it has increased by 13%.
The rapid rise in value over such a short time frame is indicative of growing demand and popularity for this cryptocurrency. If the current trend in Toncoin’s price holds, it will likely break the $3 threshold in the near future.
Source: CoinMarketCap
At the time of writing, TON is trading at $2.22 and is up 13% in the last 24 hours as per data from CMC. Furthermore, the trading volume is up by 102%. The price is trying to break the recent high of $2.23. If it manages to climb over this recent high then it will likely test the $2.66 resistance level.
If bulls could drive the price above $2.66 level then it will likely rally all the way till $3 mark. However, if the price slips below $1.95 support level then it will likely test the next support level at $1.63. Despite the overall weak market, the TON price has managed to maintain strong bullish momentum.